Market Update
The benchmark indices ended lower after a volatile session on Thursday. Shares swayed between gains and losses after RBI’s surprise move of keeping the rate unchanged today. Banking stocks came under pressure. Volatility was also triggered by weekly expiry of index options. RBI’s Monetary Policy Committee (MPC) at its meeting today
decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15%.Global Markets
South Korea’s LG Chem would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motor.European stocks edged higher with U.S. equity-index futures on Thursday after a mostly positive session in Asia as investors weighed the prospects of America removing a scheduled tariff hike on Chinese imports in 10 days. The dollar drifted lower.Stoxx Europe 600 Index climbed 0.1%.
decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15%.Global Markets
South Korea’s LG Chem would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motor.European stocks edged higher with U.S. equity-index futures on Thursday after a mostly positive session in Asia as investors weighed the prospects of America removing a scheduled tariff hike on Chinese imports in 10 days. The dollar drifted lower.Stoxx Europe 600 Index climbed 0.1%.
Nifty Chart
Nifty Outlook
The Nifty 50 index closed at 12018.40, lost -24.80 points -0.21% on 05.12.2019. Nifty Support : 11980 and 11930 Resistance : 12080 and 12120.
