After witnessing losses for two consecutive sessions, investors flocked equities markets on Tuesday in the wake of no major escalation between Iran and the United States. Indices, however, pared gains after reports suggested that Iran has labelled the entire US troop as “terrorists” and was exploring options to avenge Qassem Suleimani’s assassination.
Investors were also awating advance estimates of FY20 gross domestic product (GDP) expected to be released, by the government, later in the day.India VIX, the index to gauge the volitality, shot up as much as 18 per cent in the intra-day trade today.On the NSE, the Nifty50 closed at 12,052.95-mark, up 59.90 points or 0.50 per cent. The index hit an intra-day high of 12,152.15. On the sectoral front, all the major indices settled with over 0.5 per cent gains. Nifty Realty index edged 1.9 per cent higher, followed by Nifty Media, up 1 per cent. In the broader market, small-caps outperformed the frontline indices at close. The S&P BSE small-cap index ended 1.05 per cent higher at 13,858.68, while the S&P BSE mid-cap index closed 0.7 per cent higher at 14,867.07.
Nifty Outlook
Nifty50 closed higher at 12052.95 level, 59.90 points, or 0.50 per cent. Nifty Support : 12000 and 11970 Resistance : 12130 and 12180.
