Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 30 points at the opening bell.
Overseas, most Asian stocks were trading higher on Thursday supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic.
In US, the S&P 500 and Nasdaq finished at all-time highs on Wednesday as investors were encouraged by comments from the Federal Reserve and measures China says it has taken to help coronavirus-stricken businesses.
Minutes from the rate-setting Federal Open Market Committee's January meeting showed that Fed officials believe the US economy appeared stronger in late January than they had been expecting.
Chinese officials have said the rate of new cases has begun to ebb, but the World Health Organization has recommended caution.
Investors also appeared heartened by comments from China's Ministry of Industry and Information Technology, which reportedly said Beijing would help companies to identify weak links in supply chains.
Back home, the market snapped four day losing streak on Wednesday, supported by positive global shares. Sentiment also improved after the finance minister said the government would unveil measures to limit the impact of the coronavirus outbreak. The S&P BSE Sensex, surged 428.62 points or 1.05% at 41,323. The Nifty 50 index jumped 137.80 points or 1.15% at 12,130.30.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 190.66 crore yesterday, 19 February 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 590.12 crore, yesterday, 19 February 2020, as per provisional data.
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