Equity barometers ended with modest gains on Friday amid positive global cues fuelled by hopes of a trade deal between the US and China. After a gap up opening, the Nifty 50 index surged over 1% in morning trade. The trend sharply reversed in mid-morning trade with the Nifty briefly slipping into negative terrain below 11,200 mark. The 50-unit index recovered and traded with decent gains for most part of the session. Buying resumed in mid-afternoon trade, pushing the Nifty once again above its 200-day moving average.
Global Markets:Â Japanese shares rose to their highest level in over a week on Friday as the safe-haven yen eased on hopes of progress in USChina trade talks. Sentiment was also buoyed by a sharp jump in Seven & I Holdings, the country’s largest convenience store operator, after it announced a massive restructuring plan. The benchmark Nikkei average ended up 1.2 per cent at 21,798.87 points, its highest closing since Oct. 2.
U.S. stocks were higher after the close on Friday, as gains in the Basic Materials, Industrials and Technology sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 1.21%, while the NASDAQ Composite index gained 1.34%
Germany stocks were higher after the close on Friday, as gains in the Software, Technology and Basic Resources sectors led shares higher. At the close in Frankfurt, the DAX gained 2.86% to hit a new 1-month high, while the MDAX index gained 1.22%, and the TecDAX index gained 2.83%.
Denmark stocks were higher after the close on Friday, as gains in the Oil & Gas, Personal & Household Goods and Financials sectors led shares higher. At the close in Copenhagen, the OMX Copenhagen 20 rose 0.64%.
Nifty Chart
Nifty Index closed above 200 Day DMAÂ on 11.10.2019. Nifty is looking strong on daily chart.
Nifty Support : 11250-11200, Resistance : 11360-11400
