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Pre Session Commentary
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Market poised for positive start
(08:08, 06 Sep 2019)

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 23 points at the opening bell.

Overseas, Asian stocks were trading higher on Friday amid signs of easing US-China trade tensions.

US stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong US economic data eased fears of a domestic slowdown.

As per reports, China and the US have agreed to hold the next round of trade negotiations in Washington in early October to end the bruising trade war following an agreement that both sides will jointly take concrete actions to create favourable conditions for the talks.

Back home, the Sensex ended with small losses while the Nifty ended almost flat on Thursday. Gains in auto stocks were negated by losses in banks stocks. The barometer index, the S&P BSE Sensex, fell 80.32 points or 0.22% to 36,644.42. The Nifty 50 index rose 3.25 points or 0.03% to 10,847.90.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 561.17 crore yesterday, 5 September 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 699.31 crore yesterday, 5 September 2019, as per provisional data.

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