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Market may open in negative zone
(13 Nov 2019, 08:12)

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 14 points at the opening bell.

On the macro front, industrial production contracted 4.3% in September, mainly due to poor performance in the manufacturing sector, data released on Monday showed. Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 4.6% in September 2018.

Overseas, Asian stocks were trading lower on growing worries U.S.-China trade talks.

In US, the benchmark S&P 500 stock index eked out a slim gain on Tuesday as President Donald Trump reportedly said the United States is close to signing an initial trade deal with China but offered no new details about negotiations.

Back home, the benchmark indices ended with small gains after a volatile session on Monday. The key indices, which hovered in negative terrain for most part of the session, recovered in late trade, supported by decent buying in banks shares. The barometer index, the BSE Sensex rose 21.47 points or 0.05% to close at a 40,345.08. The Nifty 50 index rose 4.80 points or 0.04% to 11,912.95.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 664.20 crore on Monday, 11 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 245.06 crore on Monday, 11 November 2019, as per provisional data. The domestic stock market remained shut on Tuesday, 12 November 2019, for Gurunanak Jayanti.

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