Tracking global peers, domestic stocks ended lower for the second consecutive day on Monday as uncertainties around coronavirus weighed on investor sentiment. The number of deaths from China’s new virus epidemic jumped to 902 after the hardest-hit province of Hubei reported 91 new fatalities. Nifty fut settled at 12040.05. All major indices were lower at the end of the day and settled in red with Metal and Auto shares decling the most.
Japan’s SoftBank Group is expected to post a slide in profits for the past quarter, deepening concern about its ability to secure funding for a second Vision Fund and giving activist fund Elliott Management more fodder for a shake-up. European shares dipped as concerns over the economic impact of the coronavirus outbreak weighed on sentiment.The pan-European STOXX 600 index (STOXX) fell 0.3%.
Nifty50 closed lower at 12031.50 level,-66.85 points, or -0.55 per cent. Nifty Support : 11980 and 11930 Resistance : 12100 and 12150.
