Market is seen opening higher tracking strong leads from Asian markets and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19 points at the opening bell.

The all-India general Consumer Price Index (CPI) inflation was steady at 3.15% in July 2019 (new base 2012=100), compared with 3.18% in June 2019. The core CPI inflation rose to 4.24% in July 2019 compared with 4.13% in June 2019.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 638.28 crore on 13 August 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 201.53 crore on 13 August 2019, as per provisional data.

Overseas, Asian shares rose across the board on Wednesday, as the US announced a delay in the implementation of tariffs on some Chinese goods.

Growth of China's industrial output slowed much more than expected to 4.8% in July from a year earlier, official data showed on Wednesday. Fixed-asset investment for the first seven months of the year rose 5.7%, according to data published by the National Bureau of Statistics. Private sector fixed-asset investment grew 5.4% in January-July, compared with a 5.7% rise in the first sixth months of 2019. Retail sales growth increased 7.6% in July from a year earlier, compared with 9.8% in June.

Meanwhile, flights have resumed in and out of Hong Kong airport after two days of protests by pro-democracy activists caused chaos that paralysed the transport hub. Hundreds of flights were cancelled on Tuesday after demonstrators blockaded two terminals in the latest escalation of a 10-week political crisis that has gripped the international financial centre.

US stocks soared on Tuesday after the US decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list. The United States Trade Representative announced Tuesday certain products including clothing and cellphones are being removed from the tariff list based on "health, safety, national security and other factors" and will not face additional tariffs of 10%. Other tariffs will be delayed to 15 December from 1 September for certain goods, it said.

In the global commodities markets, Brent crude oil futures for October 2019 settlement jumped $2.73 a barrel or 4.66% to settle at $61.30 a barrel during the previous trading session.

The domestic equity market slumped on Tuesday, 13 August 2019, dragged by auto, telecom and financial stocks. The Sensex crashed 623.75 points or 1.66% to settle at 36,958.16. The Nifty 50 index slumped 183.80 points or 1.65% to settle at 10,925.85.

Concerns around protests in Hong Kong and an Argentine currency crash amid fears of global economic slowdown, sapped investors risk appetite. Weak domestic macroeconomic data and absence of measures by the government to support economic growth also disappointed investors.