Key equity barometers ended with decent gains on Thursday after oscillating between gains and losses for the first half of the trading session. The Nifty 50 index managed to close above the 11,850 level. Trading was volatile due to weekly expiry of index options. Sentiment was embittered after Moody’s cuts India’s GDP growth forecast to 5.6% for 2019. ICICI bank, Infosys and Bajaj Finance were the top gainers while Bharti Infratel, IndusInd Bank and Zeel were the top losers.
Global Markets
Boeing Co has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics. World stocks nudged down as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter. STOXX 600 index was down 0.2%.
Nifty Chart
The Nifty 50 index closed positive 30 points or 0.25 per cent at 11,870.45, on 14.11.2019. Nifty Support : 11800 and 11760 Resistance : 11920 and 11950.
