PSU Bank index is down 3.78% on the day. In broad markets, Nifty 50 has dropped 1.00% to close at 11359.9. The SENSEX has slid 0.94% to close at 38305.41 today.Global Markets: Johnson & Johnson will pay $20.4 million to settle claims by two Ohio counties, allowing the U.S. healthcare giant to avoid an upcoming federal trial. U.S. stocks were lower after the close on Tuesday, as losses in the Basic Materials, Oil & Gas and Industrials sectors led shares lower.The Dow Jones Industrial Average fell 1.28%, while the S&P 500 index declined 1.23%, and the NASDAQ Composite index fell 1.13%.
Germany stocks were lower after the close on Tuesday, as losses in the Transportation & Logistics, Pharmaceuticals & Healthcare and Basic Resources sectors led shares lower.The DAX declined 1.32%, while the MDAX index declined 0.88%, and the TecDAX index fell 0.84%.
Denmark stocks were lower after the close on Tuesday, as losses in the Chemicals, Industrials and Personal & Household Goods sectors led shares lower.The OMX Copenhagen 20 fell 1.20%.
Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Energy & Utilities, Financial Services and Building & Construction sectors led shares lower.The Tadawul All Share lost 0.48%.
Nifty Chart:
Nifty Index formed Bearish Engulfing Pattern on daily chart. Nifty Index tested 200 DMA and closed below 100 DMA 11407 and closed -1.0% at 11359.90. The next key support and resistance for the market is at 11250/11130 and 11420/11500.
