Market Update
Key equity barometers ended almost flat after a volatile session on Monday. Weak economic numbers lower than expected auto sales and profit booking, capped equity market gains. Investors were cautious ahead of the central bank’s monetary policy meeting on Thursday, 5 December 2019. NSE on Monday suspended Karvy Stock Broking’s license due to non compliance of regulatory provisions of the exchange. This included its trading in capital market, futures & options, currency trading, debt and commodity derivatives segments.
Global Markets
Saudi Arabia’s Tadawul has introduced an equity index cap of 15% which is set to address concerns over the weighting oil giant Saudi Aramco will have when it lists on the exchange. European stocks advanced on Monday, buoyed by data showing the world’s second-largest economy, China, seems to be bouncing back. After ending November with a 2.7% gain, the Stoxx Europe 600 SXXP, +0.36% gained 0.5% to 409.47.
Nifty Chart
Nifty Outlook
The Nifty 50 index closed at 12048.20, lost -7.85 points -0.07% on 02.12.2019. Nifty Support : 12000 and 11960 Resistance : 12110 and 12150.
