Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 21 points at the opening bell.
As per reports, FM Nirmala Sitharaman's meeting with private banks, microfinance institutions (MFIs) and non-banking finance companies (NBFCs) yesterday, 26 September 2019 had a lot of positives. FM Sitharaman said not one voice expressed concerns on the liquidity front and there was near unanimity on rural demand for credit, that can be addressed with help from private sector banks, NBFCs and MFIs.
Overseas, Asian stocks were trading mixed on Friday.
US stocks slipped on Thursday as the release of a whistleblower report tied to the Democrats' impeachment move against President Donald Trump kept uncertainty high, while trade comments from China's top diplomat helped to limit losses.
Back home,the market ended with strong gains on Thursday, supported by easing crude oil prices and positive news on the US-China trade war front. The barometer index, the S&P BSE Sensex, rose 396.22 points or 1.03% to 38,989.74. The Nifty 50 index rose 133.10 points or 1.22% to 11,573.30.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 737.17 crore yesterday, 26 September 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 339.28 crore yesterday, 26 September 2019, as per provisional data.
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