Key equity benchmarks closed at record high levels for second session in a row on Wednesday. Most Tata Group stocks declined after NCLAT restored Cyrus Mistry as executive chairman of Tata Group. The International Monetary Fund (IMF) will significantly lower India’s growth forecast from the earlier number of 6.1% for FY20 on 20 January 2020, given the fall in consumption, lack of private investments and sluggish exports.
Global Markets
McDonald’s has shut all its restaurants in Peru for two days of mourning after two of its employees died.The two teenaged employees were electrocuted while cleaning the kitchen of a McDonalds in Pueblo Libre.World stocks hovered just off record highs on Wednesday after climbing for five straight sessions, while Britain’s pound nursed heavy losses in the wake of renewed Brexit uncertainty.
Nifty Chart
Nifty50 closed higher at 12224.60 level, +59.60 points, or +0.49 per cent. Nifty Support : 12200 and 12160 Resistance : 12240 and 12270.
