Pre-Session: Market may open lower

24-Jan-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25.50 points at the opening bell. Investors could book profits today, 24 January 2018, after recent rally.

Overseas, Asian shares were trading lower on profit booking after recent gains. US stocks closed mixed on Tuesday, with market focus shifting from politics to corporate earnings after a government shutdown came to an end on Monday. The Dow Jones Industrial Average slipped 0.1%. The S&P 500 index climbed 0.2%. The Nasdaq Composite Index rose 0.7%.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 1229.35 crore yesterday, 23 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 169.03 crore yesterday, 23 January 2018, as per provisional data.

Key benchmark indices extended recent gains to hit fresh record high levels yesterday, 23 January 2018. The barometer index, the S&P BSE Sensex, jumped 341.97 points or 0.96% to settle at 36,139.98. The Nifty 50 index rose 117.50 points or 1.07% to settle at 11,083.70. Key indices crossed new milestones, with the Sensex mounting 36,000 mark and the Nifty settling above the 11,000-mark for the first time in history. The market gained for the fifth straight day.

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