The domestic stock market ended with robust gains on Thursday, supported by strong global cues, reversal in crude oil prices and a sharp rebound in rupee. Global stock markets advanced as the United States and Iran backed away from the brink of conflict in the Middle East while investors reversed their safety plays. Except IT, all other sectoral indices ended higher led by the PSU bank, infra, auto, metal, energy, FMCG and pharma.
Daimler sold 2.34 million Mercedes-Benz passenger cars in 2019, the ninth consecutive year of record sales, putting the German carmaker in pole position for retaining the title of biggest-selling premium car brand. European shares touched a record high Thursday, tracking broader gains in global equities, after the United States and Iran backed away from further military escalation in the Middle East. STOXX 600 index rose 0.6%.
Nifty50 closed higher at 12215.90 level, 190.55 points, or 1.58 per cent. Nifty Support : 12170 and 12120 Resistance : 12270 and 12300.
