Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 9 points at the opening bell. India's industrial production (base year 2011-12=100) improved 4.3% in July 2019, while showing acceleration in growth from four-month low of 1.2% in June 2019. However, the industrial production growth for June 2019 was revised downwards to 1.2% from 2% as reported provisionally. The all-India general CPI inflation was nearly steady at 3.21% in August 2019 (new base 2012=100), compared with 3.15% in July 2019. Overseas, Asian stocks were trading higher on Friday as hints of progress in the US-China trade dispute and aggressive stimulus from the European Central Bank helped to counter worries about a global economic slowdown. US stocks rose on Thursday, buoyed by positive developments on the US-China trade front and a promise of continued stimulus from the European Central Bank. The European Central Bank (ECB) approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. The ECB cut its deposit rate to a record low -0.5% from -0.4% and will restart bond purchases of 20 billion euros a month from November, it said in a statement. Back home, key equity benchmarks ended with modest losses on Thursday. The broader market was positive, buoyed by signs of de-escalation in the US-China trade war. The barometer index, the S&P BSE Sensex, fell 166.54 points or 0.45% to 37,104.28. The Nifty 50 index declined 54.65 points or 0.50% to 10,981.05. The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 783.55 crore yesterday, 12 September 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 126.82 crore yesterday, 12 September 2019, as per provisional data. Powered by Capital Market - Live News |