Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 11 points at the opening bell on positive cues from other Asian shares.
Overseas, Asian shares traded higher on Wednesday following a report that said the US and China are closer to reaching a trade agreement.
The US and China are set to resume trade negotiations in Washington on Wednesday, following last week's talks in Beijing. Ahead of the meeting, White House economic adviser Larry Kudlow said the two countries "expect to make more headway" in this week's talks. Both economic powerhouses are closer to reaching a deal, according to media reports.
In US, the S&P 500 and Nasdaq Composite closed with small gains on Tuesday, while the Dow Jones Industrial Average ended in the red.
In economic reports, a report on long-lasting factory goods, or durable goods, in February showed a 1.6% decline, the Commerce Department said.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 543.36 crore on 2 April 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 437.70 crore on 2 April 2019, as per provisional data.
Domestic stocks settled higher for the fourth straight trading session yesterday, 2 April 2019. Stocks staged a late-afternoon rally on buying demand in index pivotals. The barometer index, the S&P BSE Sensex, rose 184.78 points or 0.48% to 39,056.65. The Nifty 50 index rose 44.05 points or 0.38% to 11,713.20.
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