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Stocks seen opening in green     Back
(08:19, 05 Sep 2019)

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 8 points at the opening bell.

Overseas, Asian stocks were trading higher on Thursday after China's Ministry of Commerce reportedly said Thursday that the leaders of the US and Chinese trade talks agreed to meet in early October for another round of negotiations.

The two sides agreed to hold another round of trade negotiations in Washington, D.C., at the beginning of next month, and consultations will be made in mid-September in preparation for the meeting, reports indicated.

US stocks advanced on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers' approval of a law to delay Brexit provided relief to investors worried about global growth.

In Europe, lawmakers in the United Kingdom defeated British Prime Minister Boris Johnson in parliament on Wednesday, preventing the country from leaving the European Union without a formal deal on October 31.

Back home, local stocks snapped their two-day losing streak to settle with modest gains on positive global cues. The barometer index, the S&P BSE Sensex, rose 161.83 points or 0.44% to 36,724.74. The Nifty 50 index rose 46.75 points or 0.43% to 10,844.65.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 1738.49 crore yesterday, 4 September 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1304.58 crore yesterday, 4 September 2019, as per provisional data.