The domestic stock market declined on Friday, mirroring a global sell-off as geopolitical tensions spiked after U.S. airstrikes in Iraq killed a top Iranian military commander. The middle-east tensions sent Brent Crude Futures soaring, which further spoiled investor’s sentiment at D-Street. Among sectors, IT and pharma ended higher, while selling seen in the auto, bank, infra, FMCG and metal stocks.
Global Markets
Louis Vuitton, the world’s biggest luxury goods brand by sales, is preparing to shut one of its shops in Hong Kong where protests have hit demand as high rental costs bit. European shares slipped from near record highs on Friday after a U.S. air strike in Iraq killed a top Iranian commander and fanned tensions in the Middle East, with a surge in oil prices hammering airline stocks.
Nifty Chart
Nifty Outlook
Nifty50 closed lower at 12226.65 level, -55.55 points, or -0.45 per cent. Nifty Support : 12200 and 12140 Resistance : 12270 and 12300.
