Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 24.50 points at the opening bell.
Overseas, Asian shares were mixed despite an improvement in market risk sentiment after British Prime Minister Theresa May said she had obtained enough support for her proposed Brexit deal to move forward. The uncertainty surrounding a deal had earlier weighed on risk sentiment.
US stocks closed lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months, as blue-chip Apple Inc. flirted with bear-market territory.
Meanwhile, US Federal Reserve Chairman Jerome Powell on Wednesday expressed confidence in US economic strength and said that markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019.
On the US data front, the Labor Department said the consumer-price index rose by 0.3%, while core CPI, excluding volatile food and energy prices, rose 0.2%.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 277.38 crore on 14 November 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 272.24 crore on 14 November 2018, as per provisional data.
Key benchmark indices ended with minor losses yesterday, on 14 November 2018. The barometer index, the S&P BSE Sensex, fell 2.50 points or 0.01% to settle at 35,141.99. The Nifty 50 index fell 6.20 points or 0.06% to settle at 10,576.30. Intraday volatility was high as the Sensex and the Nifty, both, alternately swung between positive and negative zone throughout the trading session. Gains triggered by steep fall in crude oil prices were offset by weak global cues.
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