The benchmark indices surged higher for the third consecutive trade session on account of positive news flow form global front on UK’s election result and trade deal hopes between China and US. Nifty settled higher at 12142.35. All sectoral index ended the last trading session of the week in green with PSU Banks shares were the major gainers of the day.
Global Markets
PG&E Corp has filed for an amended reorganization plan, adding that it remains on track to getting the plan confirmed before a June 2020 deadline to exit bankruptcy. European stocks surged on a combination of the U.K. election result, signs of an imminent trade deal between the U.S. and China, and the Federal Reserve’s plans to prevent a repeat of the year-end volatility seen in 2018. Euro Stoxx 600 index was up 1.4%.
PG&E Corp has filed for an amended reorganization plan, adding that it remains on track to getting the plan confirmed before a June 2020 deadline to exit bankruptcy. European stocks surged on a combination of the U.K. election result, signs of an imminent trade deal between the U.S. and China, and the Federal Reserve’s plans to prevent a repeat of the year-end volatility seen in 2018. Euro Stoxx 600 index was up 1.4%.
Nifty Chart
On the NSE, the Nifty50 closed at 12086.70Â level, added 114.90Â points, or +0.96 per cent. Nifty Support : 12020 and 11980Â Resistance : 12140 and 12170.
