Market is seen opening higher tracking positive leads from Asian markets and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 70.50 points at the opening bell.
Overseas, Asian stocks were trading higher today, 8 December 2016, after Wall Street strode to new records and bonds rallied on wagers the European Central Bank (ECB) would extend its asset buying campaign at a policy meeting later in the session.
US stocks closed higher yesterday, 7 December 2016, with the Dow industrials and S&P 500 notching new records. Investors are bracing for the ECB's policy-setting meeting today, 8 December 2016.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 193.66 crore yesterday, 7 December 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 56.28 crore yesterday, 7 December 2016, as per provisional data.
Key benchmark indices reversed trend and ended with modest losses yesterday, 7 December 2016, after trading in positive terrain till mid-afternoon trade. The barometer index, the S&P BSE Sensex, lost 155.89 points or 0.59% to settle at 26,236.87. The Nifty 50 index fell 41.10 points or 0.5% to settle at 8,102.05. Selling was triggered in mid-afternoon trade, even as the indices traded in positive terrain till then on the heels of a largely positive pulse in Asian markets and amidst modestly higher closing on the Wall Street overnight. The Reserve Bank of India's (RBI) decision to hold key interest rates steady pulled key indices into the negative zone.
Powered by Capital Market - Live News