Market is seen opening higher tracking positive leads from Asian markets. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 24 points at the opening bell.
Overseas, Asian equities were trading higher, following the continued recovery on Wall Street last week. Investors shrugged off a weekend missile test by North Korea that raised further concerns on its ability to deliver a nuclear warhead as far as the US states of Hawaii and Alaska.
US stocks rose on Friday, 19 May 2017, but closed below their session highs on renewed concerns about Donald Trump's presidency, following two new media reports of possible coordination between Russia and Trump's election campaign.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 988.70 crore on Friday, 19 May 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 349.21 crore on Friday, 19 May 2017, as per provisional data.
A divergent trend was witnessed as the barometer index, the S&P BSE Sensex, settled with small gains while the Nifty 50 index settled a tad lower on Friday, 19 May 2017. The barometer index, the S&P BSE Sensex, rose 30.13 points or 0.1% to settle at 30,464.92. The Nifty 50 index fell 1.55 points or 0.02% to settle at 9,427.90. Gains triggered by the GST Council finalising rates for goods and services tax (GST) and positive global stocks were mostly offset by profit booking.
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