Key market barometers extended Wednesday’s gains and ended near the day’s high on Thursday. The Nifty ended above 12,250 mark. Good manufacturing PMI data for December lifted investors’ sentiment. The headline seasonally adjusted IHS Markit India Manufacturing PMI rose to 52.7 in December, from 51.2 in November. The number pointed to the joint-strongest improvement in the health of the sector for ten months.
Global Markets
HSBCis being drawn into Hong Kong’s political turmoil with protesters attacking some of its branches and graffiti daubed on the famous pair of lions that guard its city-center headquarters.- European shares started the new decade on a strong note on Thursday on fresh monetary stimulus from Beijing and growing Sino-U.S. trade optimism, while Airbus jumped after a report it toppled Boeing to become the world’s biggest plane maker.
Nifty Chart
Nifty Outlook
Nifty50 closed higher at 12282.20 level, +100.45 points, or +0.82 per cent. Nifty Support : 12230 and 12180 Resistance : 12300 and 12350.
