Key equity benchmarks advanced for second day on Wednesday. The Nifty 50 index managed to close above the 12,200 mark. Gains were supported by positive global shares as concerns over the ongoing coronavirus outbreak abated. While the Hindustan Unilever was the best performer, Yes Bank was the worst performer in the 50 share index. Industrial Production for December 2019 and consumer price inflation rate for January 2020 will be declared today, 12 February 2020.
Nissan Motor Co may report its first quarterly loss in more than a decade on Thursday because of slumping sales. European shares hit a record high for the second straight session on Wednesday, as a drop in new coronavirus cases prompted buying in China-focused stocks, even as investors remained wary of the epidemic’s economic impact. The pan-European STOXX 600 index (STOXX) rose as much as 0.4%.
Nifty50 closed higher at 12201.20 level, +93.30 points, or +0.77 per cent. Nifty Support : 12140 and 12100 Resistance : 12250 and 12300.
