Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 13.50 points at the opening bell.

Overseas, Asian stocks declined as markets took cues from declines in Wall Street's last session, with focus this week shifting to the Bank of Japan.

The Bank of Japan (BoJ) will declare its interest rate decision on Tuesday, 31 July 2018. BoJ left its key short-term interest rate unchanged at -0.1% at its June 2018 meeting.

US stocks closed lower Friday, 27 July 2018, following disappointing results from Twitter Inc. and bellwethers, including Exxon and Intel.

US second-quarter GDP grew at 4.1%, with a jump in consumer spending and business investment contributing to the figure. That was the quickest pace of growth since 2014. Separately, consumer sentiment fell to a six-month low in July, the University of Michigan said.

Meanwhile, the Federal Reserve's Federal Open Market Committee will embark on its two-day meeting on Tuesday, with the central bank expected to announce its decision during Wednesday, 1 August 2018, US hours.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 738.05 crore on Friday, 27 July 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 406.12 crore on Friday, 27 July 2018, as per provisional data.

Key benchmark indices logged strong gains in steady session of trade on Friday, 27 July 2018. The barometer index, the S&P BSE Sensex, gained 352.21 points or 0.95% to settle at 37,336.85. The Nifty 50 index gained 111.05 points or 0.99% to settle at 11,278.35. Both the Sensex and the Nifty hit record high on intraday as well as closing basis. Positive global stocks also boosted sentiment on the domestic bourses.