Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 61 points at the opening bell, backed by positive global cues.
On the economic front, India's fiscal deficit in the first eight months of FY2018-2019 rose to Rs 7.17 lakh crore, hitting around 115% of the budgeted target for the current financial year, government data showed. The government had set a fiscal deficit target of Rs 6.24 lakh crore for FY2019.
Overseas, Asian shares were trading higher following a turbulent session on Wall Street. In US, stocks erased heavy losses to end higher in a late-session turnaround that saw the Dow Jones Industrial Average end more than 800 points above its session low. The rebound came after stocks initially struggled to build on the previous session's sharp rally.
On the US data front, first-time claims for unemployment benefits fell by 1,000 to 216,000 in the week ended December 22, the Labor Department said Thursday. Further, the Conference Board said its consumer-confidence index dropped to 128.1 this month from a revised 136.4 in November.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 1731.91 crore on 27 December 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 663 crore on 27 December 2018, as per provisional data.
Key indices settled with modest gains to close higher for second day in a row yesterday, 27 December 2018. The barometer index, the S&P BSE Sensex, rose 157.34 points or 0.44% to settle at 35,807.28. The Nifty 50 index rose 49.95 points or 0.47% to settle at 10,779.80.
Powered by Capital Market - Live News