The domestic stock market tanked on the very first trading session of the week staring the week on bearish note as the geopolitical tension between US and Iran might take the face of serious war like situation thus sending all the equities market around the globe in jeopardy. All the major sectoral indexs ended in red with banking stocks losing the most.
Global Markets
The world’s most profitable company extended declines Monday after dropping to its lowest closing price yet a day earlier, as the U.S. killing of Iran’s most prominent general last week triggered fresh concern of a wider conflict in the Gulf region. European shares extended losses on Monday as tensions following the killing of a top Iranian general by the United States kept buying restricted to safe havens.STOXX) was down 0.7%.
Nifty Chart
Nifty Outlook
Nifty50 closed lower at 11993.05 level, -233.60 points, or -1.91 per cent. Nifty Support : 11920 and 11840 Resistance : 12120 and 12180.
