Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 6 points at the opening bell.
On the macro front, India's merchandise exports declined 0.3% to US$ 25.98 billion in November 2019 over a year ago. Meanwhile, merchandise imports also dipped 12.7% to US$ 38.11 billion. The trade deficit narrowed 31.0% to US$ 12.12 billion in November 2019 from US$ 16.67 billion in November 2018.
As per the data released by the Reserve Bank of India, India's services exports increased 5.3% to US$ 17.70 billion in October 2019 over October 2018. Meanwhile, India's services imports jumped 7.6% to US$ 10.86 billion in October 2019. India's services trade surplus rose 1.8% to US$ 6.83 billion in October 2019 from US$ 6.72 billion in October 2018.
Overseas, Asian stocks were trading mixed as investors cheered an announced trade agreement between Beijing and Washington over the weekend. U.S. Trade Representative Robert Lighthizer reportedly said on Sunday that the phase one U.S.-China trade deal reached on Friday is totally done.
U.S. stocks closed slightly higher Friday, after President Donald Trump and Chinese officials announced a trade pact that includes a rollback of some tariffs, the scrapping of further duties originally set for Sunday, and promises of targeted U.S. agricultural purchases by China.
China reportedly announced an agreement on U.S.-China trade and said it would increase purchases of U.S. agricultural products and was offer new intellectual property protections in return for a reduction in U.S. tariffs.
In economic data, U.S. retail sales rose 0.2% in November, though sales in October were revised to show a 0.4% increase, up from 0.3%.
Back home,the market ended with strong gains on Friday, with the Nifty closing above 12,000 mark. The gains were supported by positive global cues triggered by US reaching 'in-principle' deal with China and Boris Johnson's crushing victory in UK election. The barometer index, the BSE Sensex, rose 428 points or 1.05% to 41,009.71. The Nifty 50 index rose 114.90 points or 0.96% to 12,086.70.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 115.70 crore on Friday, 13 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 384.92 crore on Friday, 13 December 2019, as per provisional data.
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