The equity market barometers ended with decent gains on Tuesday. The Nifty, however, failed to close its above its 50-day simple daily moving average (SDMA) placed at 12,120.39. Global cues were positive as some Chinese factories slowly resumed operations amid the national fight against the novel coronavirus outbreak. The S&P BSE Sensex reclaimed 41,000, while the Nifty 50 settled above 12100 levels.Except FMCG, all other sectoral indices ended higher.
Daimler reported a 64% fall in 2019 net profit despite record high Mercedes-Benz sales as CEO Ola Kaellenius signed off on more than 5 billion euros in legal and restructuring charges. European shares rose to a record high early as a slowdown in the rate of new infections in the coronavirus outbreak provided some relief, although markets still worried over the wider global economic impact. European STOXX 600 index rose 0.7%.
Nifty50 closed higher at 12107.90 level, +76.40 points, or +0.63 per cent. Nifty Support : 12050 and 12000 Resistance : 12140 and 12180.
