Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 18 points at the opening bell.
Overseas, Asian stocks were trading mixed. US stocks dropped sharply on Friday as mounting concern over the health of the global economy overshadowed positive trade developments and signs of strength from the American consumer.
The Federal Reserve holds its final policy meeting of 2018 on Tuesday and Wednesday. The rate decision will be followed by a press conference with Chairman Jerome Powell. The Bank of Japan's monetary policy decision is due Thursday, followed by a briefing from Governor Haruhiko Kuroda.
Back home,domestic shares ended with small gains on Friday, continuing their winning streak for a fourth day. The Sensex rose 33.29 points or 0.09% to settle at 35,962.93, its highest closing level since 4 December 2018.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 861.94 crore on 14 December 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 302.52 crore on 14 December 2018, as per provisional data.
Among corporate news,Bharti Airtel announced that its board will meet on 20 December 2018 to consider various fund raising options for the company as the board may deem appropriate. The announcement was made on Saturday, 15 December 2018.
Wipro and Saxo Bank Group (Saxo Bank), a leading multi asset trading and investment specialist with more than 25 years of Fintech innovation, announced a strategic partnership. This engagement will enable Saxo Bank to provide its customers unparalleled access to global financial markets, cutting-edge technologies and industry-leading expertise. The announcement was made after market hours on Friday, 14 December 2018.
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