Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 98 points at the opening bell. Asian stocks were trading higher on Thursday as US President Joe Biden announced a multi-trillion-dollar infrastructure investment plan.
Back home, the benchmark indices snapped a two-day rising streak and ended with steep losses on Wednesday. The barometer index, the S&P BSE Sensex, tumbled 627.43 points or 1.25% at 49,509.15. The Nifty 50 index dropped 154.40 points or 1.04% at 14,690.70.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,685.91 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,081.52 crore in the Indian equity market on 31 March, provisional data showed.
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Recommendations by: Dhaval P Vyas of dhavalpvyas.com
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Published: April 1, 2021, 08:50 IST
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