• Sensex   41323.81   -205.10  sensex_dwn_arr
  • Nifty   12169.85   -54.70   sensex_dwn_arr
  • Bank Nifty   30947.55   -0.43   sensex_dwn_arr
  • BSE Midcap   15586.67   -0.21  sensex_dwn_arr
  • USDINR   71.26   0.11   sensex_up_arr
Pre Session
Home >> Markets >> Equity >> News >> Pre Session Detailed News
Market may open lower
(08:18, 09 Oct 2019)

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 26 points at the opening bell.

Domestic stock markets were closed on Tuesday, 8 October 2019, on account of Dussehra.

Overseas, Asian stocks were trading lower as the United States and China's ever-expanding dispute over trade and foreign policy showed little sign of coming to an end.

US stocks ended down sharply on Tuesday as news that the United States has imposed visa restrictions on Chinese officials overshadowed comments by Federal Reserve Chairman Jerome Powell suggesting openness to further interest rate cuts.

Meanwhile, high-level US-China trade negotiations will resume this week in Washington, the White House announced on 7 October 2019, a hopeful sign after a summer of deteriorating relations. Beijing's top trade envoy Liu He will meet with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin beginning on Thursday, the White House said in a statement.

Lower-level talks have been underway since last month. The talks will focus on key areas where the Americans have made far reaching demands since last year: intellectual property rights, the forced transfer of proprietary technologies, agriculture and enforcement, the statement said.

Back home, key equity benchmarks extended losses for sixth straight trading session on Monday. Negative Asian cues spoiled investors' sentiment. The barometer index, the BSE Sensex, fell 141.33 points or 0.38% to 37,531.98. The Nifty 50 index fell 48.35 points or 0.43% to 11,126.40.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 494.21 crore on Monday, 7 October 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 904.82 crore on Monday, 7 October 2019, as per provisional data.

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