Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 13.50 points at the opening bell.
Overseas, Asian stocks were mixed ahead of the US inflation report for August. Financial markets are on tenterhooks ahead of a run of data due later today, 14 September 2017, from China, including factory output, fixed asset investment and retail sales.
US market edged higher overnight, but trading was subdued as investors searched for catalysts that could breathe new life into the rally.The S&P 500 added 1.89 points to finish at 2,498.37. The Dow Jones Industrial Average edged up 39.32 points, or 0.2%, to end at 22,158.18 while the Nasdaq Composite Index rose 5.91 points to close at 6,460.19.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 826.77 crore yesterday, 13 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 725.90 crore yesterday, 13 September 2017, as per provisional data.
Among corporate news, IT major Wipro has become the official technology provider to McLaren Technology Group to help drive digitalisation across its businesses. Wipro will assist McLaren with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability. As part of this multi-year partnership, Wipro will leverage the Wipro HOLMESTM artificial intelligence platform and its next-generation managed services framework to offer flexibility and boost the productivity of McLaren's fast growing automotive and high-tech businesses. The announcement was made before trading hours today, 14 September 2017.
Key benchmark indices closed with divergent trend after a highly volatile trading session yesterday, 13 September 2017. The barometer index, the S&P BSE Sensex, rose 27.75 points or 0.09% to settle at 32,186.41. The Nifty 50 index fell 13.75 points or 0.14% to settle at 10,079.30. The Sensex gained for fifth day in a row while the Nifty snapped 4-day gains today, 13 September 2017.
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