Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 30.50 points at the opening bell.
Overseas, Asian shares were mixed on Wednesday as investors wait for an important meeting between US President Donald Trump and Chinese leader Xi Jinping later this week. The two leaders are expected to talk trade after Washington and Beijing applied additional tariffs on billions of dollars' worth of each other's imports. Those moves prompted concerns about slowing global economic growth.
US stocks bounced back from early losses to close higher Tuesday as gains in so-called defensive sectors helped to offset anxieties that a near-term resolution to trade tensions between the US and China remain elusive.
On the US data front, home prices across the country are rising at the slowest pace in nearly two years, according to the S&P/Case-Chiller 20-city Index.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 811.52 crore on 27 November 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 31.21 crore on 27 November 2018, as per provisional data.
Domestic stocks ended with modest gains yesterday, 27 November 2018, backed by firmness in index pivotals. The barometer index, the S&P BSE Sensex, rose 159.06 points or 0.45% to settle at 35,513.14. The Nifty 50 index rose 57 points or 0.54% to settle at 10,685.60.