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Indices may open near flat line

Published on Dec 19, 2023 08:44

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 2 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed Tuesday as investors assessed the Bank of Japan�s final rate decision for 2023. The BOJ made no change to its negative interest rate policy, holding the benchmark interest rate at -0.1%. The central bank also kept its stance on its yield curve control policy unchanged.

US stocks ended higher on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. A broad but modest rally boosted the S&P 500 and the Nasdaq to solid gains, while the Dow ended flat.

Domestic markets:

Back home, the domestic equity benchmarks ended with limited losses on Monday. The barometer index, the S&P BSE Sensex declined 168.66 points or 0.24% to 71,315.09. The Nifty 50 index lost 38 points or 0.18% to 21,418.65.

Foreign portfolio investors (FPIs) sold shares worth Rs 33.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 413.88 crore in the Indian equity market on 18 December, provisional data showed.

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