Pre-Session: Indices may open higher

29-Jun-18: 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, Asian stocks were mixed. Japan's industrial production decreased in May following three consecutive months of improvement, government data showed Friday. Industrial output fell 0.2% in May from a month earlier, following April's 0.5% gain, according to the Ministry of Economy, Trade and Industry.

US stocks recovered from earlier declines on Thursday to finish the session higher on the back of gains in banks and technology stocks.

The growth in the US economy in the first quarter was trimmed to 2% from 2.2%. Meanwhile, weekly jobless claims rose by 9,000 in the latest week.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 951.51 crore yesterday, 28 June 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 442.64 crore yesterday, 28 June 2018, as per provisional data.

Domestic stocks logged modest losses yesterday, 28 June 2018, in a highly volatile session of trade on subdued global stocks. The barometer index, the S&P BSE Sensex, fell 179.47 points or 0.51% to settle at 35,037.64. The Nifty 50 index fell 82.30 points or 0.77% to settle at 10,589.10. The Sensex regained the psychological 35,000 mark in volatile trade.

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