Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 6 points at the opening bell.

Overseas, Asian stocks were trading lower on Friday as investors watched for developments from the G-20 summit in Osaka, Japan.

In US, the S&P 500 halted a four-day slump but the Dow marked its longest skid since March as investors awaited U.S.-China trade talks between President Donald Trump and China's President Xi Jinping during the G-20 meeting in Japan that begins Friday. A tariff cease-fire between Beijing and Washington would avert the next round of tariffs on additional $300 billion worth of Chinese imports.

On the economic data front, the Commerce Department issued its final revision of first quarter GDP growth and said the U.S. economy grew at a solid rate of 3.1% in the first quarter, but consumer spending and business investments grew at a slower pace than in the earlier estimates.

Back home, key equity benchmarks ended almost flat after a volatile trading session yesterday, 27 June 2019. The key barometer, the S&P BSE Sensex, fell 5.67 points or 0.01% to 39,586.41. The Nifty 50 index fell 6 points or 0.05% to 11,841.55.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 0.71 crore yesterday, 27 June 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 196.57 crore yesterday, 27 June 2019, as per provisional data.


0 thoughts on “Market may open slightly higher”

Post Comment

  Share Tips

Intraday trading is an art of earning money from stock market and it requires a lot of patience and time to allocate in the daily schedule. But to see money from market is not an easy thing which it always do not gives opportunity with high profits. Many people do not have time to do intraday trading in their daily jobs in office or business. But here we make it very simple and easy.

Daily News