Aug 31, 2021 08:33 AM | Source: capitalmarket.com
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 37 points at the opening bell.
Indias gross domestic product (GDP) for the April-June quarter of the ongoing fiscal will be released today, 31 August 2021.
Overseas, Asian stocks are mostly trading lower on Tuesday, as data showed slowing Chinese factory activity growth in August.
Chinas factory activity grew at a slower pace in August as compared with the previous month, data released Tuesday showed. The official manufacturing Purchasing Managers Index for August came in at 50.1, against Julys reading of 50.4.
In US, the S&P 500 and Nasdaq hit record highs on Monday as technology stocks jumped after the Federal Reserves dovish comments eased fears of a sudden tapering in monetary stimulus and boosted optimism around an economic recovery.
Back home, the key equity indices rallied on Monday, supported by firm global cues. The barometer index, the S&P BSE Sensex, surged 765.04 points or 1.36% at 56,889.76. The Nifty 50 index added 225.85 points or 1.35% at 16,931.05.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,202.81 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 688.85 crore in the Indian equity market on 30 August, provisional data showed.
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