The benchmark indices surged higher after opening gaped ip following the global equities peers after the Federal Reserve signalled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.Nifty settled at 12028.65. Metals shares were the major gainers of the day while Media shares were the major gainers of the day.
Global Markets
Intel Corp has hired Gary Patton, who was chief technology officer at semiconductor maker GlobalFoundries, Patton previously spent more than a decade in the chip unit at International Business Machines Corp. U.S. stocks were higher as gains in the Basic Materials, Industrials and Technology sectors led shares higher.The Dow Jones Industrial Average added 0.11%.
Nifty Chart
On the NSE, the Nifty50 closed at 11,971.80 level, added 61.65 points, or 0.52 per cent. Nifty Support : 11940 and 11920 Resistance : 12020 and 12070.
