Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 6 points at the opening bell.
Overseas, most Asian stocks were trading lower on Monday. China's factory activity shrank for the fifth straight month in September. The official Purchasing Managers' Index (PMI) was at 49.8 in September, slightly higher than 49.5 in August, data from the National Bureau of Statistics (NBS) showed.
US stocks fell on Friday after reports that the Trump administration was considering delisting Chinese companies from US stock exchanges, raising worries about a further escalation in the US-China trade war.
Back home,the market ended with modest losses on Friday, tracking weakness in other Asian indices. The Nifty, however, managed to end above 11,500 mark. The barometer index, the S&P BSE Sensex, fell 167.17 points or 0.43% to 38,822.57. The Nifty 50 index fell 58.80 points or 0.51% to 11,512.40.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 213.60 crore on Friday, 27 September 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 458.68 crore on Friday, 27 December 2019, as per provisional data.
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