Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 7 points at the opening bell.
Overseas, most Asian markets were trading higher on Wednesday as revived Brexit fears came to the fore.
In US, stock indexes closed at records again on Tuesday supported by positive economic data and relief over a truce in President Trump's trade war with China.
In US economic data, home builders increased new construction at an annual pace of 1.365 million in November, an increase of 3.2% from October's pace and a 13.6% increase on a year ago.
Industrial production rose 1.1% in November, the largest monthly increase in two years, but is down 0.8% for the past year.
The US reportedly said China agreed to increase imports of goods in 2020 and 2021 by a total of $200 billion more than the total in 2017, including about $40 billion of US farm goods. The deal also included Chinese action to protect American intellectual property and vague assurances not to manipulate its currency.
Back home, positive global sentiments buoyed by easing trade war tensions between the US and China pushed domestic shares higher. Buying was also triggered by expectation of further steps from the government in the upcoming budget to revive consumption and attract investments. On Tuesday, the barometer index, the BSE Sensex, rose 413.45 points or 1.01% to 41,352.17, its record closing high. It hit an all-time high of 41,401.65 in intraday trade.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 1248.47 crore yesterday, 17 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 908.16 crore, yesterday, 17 December 2019, as per provisional data.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
