Market Update
Key equity market barometers ended with minor gains after a see-saw session on Thursday. Trading was volatile on account of weekly index options expiry on the NSE. Investors booked some profits after the US and China signed a preliminary trade agreement, expectations for which had driven global equities to record highs. On macro front, India’s trade deficit narrowed 22.3% to $11.25 billion in December 2019 from $14.49 billion in the same month a year ago.
Global Markets
RWE hit its highest level since September 2014 on Thursday on reports that it will get as much as 2.6 billion euros in compensation to close down its last coal plants.European shares rose on Thursday after the United States and China signed an eagerly awaited Phase 1 trade deal, giving some relief to markets that have been roiled by the 18-month standoff between the world’s two-largest economies. STOXX was up 0.3%.
Nifty Chart
Nifty Outlook
Nifty50 closed at high 12355.50 level, +12.20 points, or +0.10 per cent. Nifty Support : 12310 and 12270 Resistance : 12370 and 12400.
