After starting the day at record high levels, the equity barometers reversed trend and ended near the day’s low on Monday. The Nifty ended the session below the 12,250 level. Investors locked profits after recent steep gains. Firm crude oil prices affected market sentiment. Shares of six public sector undertakings (PSUs) were in action after the NSE announced changes in the Nifty CPSE (Central Public Sector Enterprises) index on Friday, 17 January 2020.Samsung Electronics (KS:005930) Co Ltd on Monday named its youngest president as its new smart phone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd. The South Korean firm also promoted the head of its network equipment business, which analysts said got a lift from a U.S. campaign to convince allies to bar Huawei from their networks.
Nifty50 closed at low 12230.75 level, -121.60 points, or -0.98 per cent. Nifty Support : 12150 and 12100 Resistance : 12280 and 12330.
