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

Overseas, Asian stocks were trading higher on Monday as Wall Street extended its run of record peaks on solid US economic data and lashes of liquidity from the Federal Reserve.

In US, stocks closed higher on Friday, ending the week at new record high, helped by data suggesting the economy and corporate profits are in good health.

The rally this week has also been supported by at least a partial resolution of the US - China trade dispute and the passage of the US, Mexico, Canada trade deal by Congress.

Sentiment was boosted by data on US December housing starts that showed home constructing rising 16.9%, to annual rate of 1.608 million units, to the fastest pace since 2006.

In other US economic data, the Federal Reserve reported that industrial production fell 0.3% in December.

Back home, key equity barometers ended near the flat line after a volatile session on Friday. Indices were impacted by the Supreme Court verdict on adjusted gross revenue (AGR) dues on the telecom sector. The barometer BSE S&P Sensex rose 12.81 points or 0.03% to 41,945.37. The Nifty 50 index lost 3.15 points or 0.03% to 12,352.35.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 264.26 crore on Friday, 17 January 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 500.17 crore, on Friday, 17 January 2020, as per provisional data.