Key market barometers ended with small losses on Thursday. While private banks dragged the indices lower, gains in IT and pharma shares provided support. Trading was volatile due to expiry of weekly index options on the NSE. The sentiment was affected by weak domestic economic data. Shares across the globe were under pressure as the death toll from the Kovid19 Virus (coronavirus) in mainland China spiked 23% Wednesday amid new counting methods adopted by Chinese health officials.
Nissan Motor Co cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company.European stock markets pushed lower Thursday, as a jump in the number of people recorded as being affected by the Kovid19 Virus ( coronavirus) in China prompted a rush to safe havens. This comes as the corporate earnings session enters full flow. DAX lost 55 points, or 0.4%.
Nifty50 closed lower at 12174.65 level, -26.55 points, or -0.22 per cent. Nifty Support : 12140 and 12100 Resistance : 12220 and 12270.
