The benchmark index began the session with a gap-up open on the back of domestic buying interest in the large cap stocks despite weak global cues. Asian shares lumbered lower on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages; while concerns about a glut of supply saw oil prices suffer their biggest spill in seven weeks. Pharma and Media shares were the major gainers of the day while realty shares were the losers.
Global Markets
Bank Hapoalim Israel’s largest lender, reported on Wednesday a 22.5% drop in third quarter net profit after it chose to accelerate the sale of its business in Turkey and due to the impact of a negative consumer price index.World stocks were knocked off 22-month highs on Wednesday as a renewed flare-up in SinoU.S. tensions and the creeping return of U.S. recession fears fueled a bid for bonds and other “safe” assets such as gold.
Bank Hapoalim Israel’s largest lender, reported on Wednesday a 22.5% drop in third quarter net profit after it chose to accelerate the sale of its business in Turkey and due to the impact of a negative consumer price index.World stocks were knocked off 22-month highs on Wednesday as a renewed flare-up in SinoU.S. tensions and the creeping return of U.S. recession fears fueled a bid for bonds and other “safe” assets such as gold.
Nifty Chart
The Nifty 50 index closed above 59 points +0.49% at 11,999.10, on 20.11.2019. Nifty Support : 11970 and 11920 Resistance : 12040 and 12070.
