Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25 points at the opening bell, tracking mixed Asian cues.
Overseas, Asian markets were mixed as profit booking emerged after the previous day's rally. US market posted strong gains Monday, led by a rally in the technology and consumer discretionary sectors, as traders appeared to shrug off global trade tensions and focused on a favorable economic backdrop instead.
US factory orders fell by 0.8% in April. The decline was concentrated in commercial aircraft. Orders for nondurable goods rose slightly. The increase in factory orders in March, meanwhile, was raised a tick to 1.7%.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 2354.03 crore yesterday, 4 June 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 712.41 crore yesterday, 4 June 2018, as per provisional data.
Domestic stocks settled with modest losses yesterday, 4 June 2018, led by slide in banking and realty stocks. The barometer index, the S&P BSE Sensex, fell 215.37 points or 0.61% to settle at 35,011.89. The Nifty 50 index fell 67.70 points or 0.63% to settle at 10,628.50. The Sensex settled a tad above the psychological 35,000 level after sliding below that level in late trade.
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