Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19.50 points at the opening bell.

Overseas, most Asian shares rose on Friday as investors watched for more details about a potential trade deal between China and the US. The stock markets in China and Hong Kong are closed on Friday for a holiday.

Chinese Vice Premier Liu He said a new consensus has been reached between China and the US on the text of a trade agreement that they are negotiating, according to official state news website Xinhua.

US stocks closed mostly higher Thursday, as investors continued to monitor trade talks between the US and China.

On the data front, new applications for unemployment benefits fell to 202,000 in the week ended March 30, the lowest level since 1969, the government said.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 226.19 crore on 4 April 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1,206.16 crore on 4 April 2019, as per provisional data.

Domestic shares declined yesterday, 4 April 2019, after the Reserve Bank of India (RBI) lowered the GDP growth forecast for the current fiscal amid probability of El Nino effects on monsoon rains and uncertain global economic outlook. The barometer index, the S&P BSE Sensex, fell 192.40 points or 0.49% to 38,684.72. The Nifty 50 index fell 45.95 points or 0.39% to 11,598.