Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 3 points at the opening bell.
Overseas, most Asian markets were trading higher on Monday after US markets posted more record highs.
In US, stock indexes set records highs on Friday, after encouraging US economic data and optimism about international trade deals helped end the decade's last full week of trading on a high note.
On economic front, the Commerce Department's third estimate of third-quarter GDP, published on Friday, left growth unchanged 2.1%, with strong consumer spending offset by weaker business investment in inventories.
In other US economic data, Americans increased spending in November at the fastest rate in four months.
Wall Street sentiment also remains supported by progress on international trade policy, after the US House passed the United States-Mexico-Canada Agreement (USMCA) bill to replace North American Free Trade Agreement (NAFTA) on Thursday and the US and China agreed on a partial deal last Friday.
Back home, on Friday indices sharply pared gains and ended near the flat line as profit booking emerged at record high levels. The barometer index, the BSE Sensex, rose 7.62 points or 0.02% to 41,681.54, its record closing high. The Nifty 50 index gained 12.10 points or 0.10% to 12,271.80, its record closing high.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 338.86 crore on Friday, 20 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 285.41 crore, on Friday, 20 December 2019, as per provisional data.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
