Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 52 points at the opening bell.
India's industrial production (IIP) data for October 2019 and retail price inflation data for November 2019 will be announced today, 12 December 2019.
India's wholesale price-based inflation (WPI) data for November 2019 will be unveiled on Friday, 13 December 2019.
Overseas, Asian markets were trading mixed on Thursday after the Federal Reserve signalled rate settings were likely to remain accommodative but the imminent UK election and a deadline for Sino-US trade talks kept investors cautious.
In US, stocks closed slightly higher on Wednesday as investors digested a cautious message from the Federal Reserve, while continuing to monitor progress on China-US trade talks.
The Federal Reserve on Wednesday announced it was holding interest rates steady but added that it expected to make no changes in either direction throughout 2020.
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Meanwhile, the market is hoping for a delay on an increase in 15 December tariffs on some $160 billion of consumer goods from China.
Back home, strong buying support in the final hour of trade, pushed up the markets on Wednesday. The barometer index, the BSE Sensex, rose 172.69 points or 0.43% to end at 40,412.57, jumping off day's low of 40,135.37.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 605.41 crore yesterday, 11 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 239.87 crore, yesterday, 11 December 2019, as per provisional data.
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