Market Update
Key equity benchmarks fell on Tuesday in line with other global stock markets as investors panicked after the US decision to impose tariffs on Argentina and Brazil. Concern about India’s slowing economic growth and unabated foreign fund outflows also weighed heavily on the market sentiment. Investors were also cautious ahead of the central bank’s monetary policy outcome on Thursday, 5 December 2019.
Global Markets
PG&E Corp did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018.European shares opened higher on Tuesday, attempting to claw their way back from three days of falls though the mood remained gloomy after U.S. President Donald Trump showed he was ready to open new trade war fronts despite signs of economic damage.
Nifty Chart
Nifty Outlook
The Nifty 50 index closed at 11994.20, lost -54.00 points -0.45% on 03.12.2019. Nifty Support : 11950 and 11880 Resistance : 12070 and 12100.
