Key equity market barometers declined after a volatile session on Tuesday. Market sentiment was dented after the International Monetary Fund (IMF) lowered India’s growth forecast. Muted quarterly results by key index constituents and negative global cues also put pressure on domestic shares. On macro front, the International Monetary Fund (IMF) on Monday (20 January) said global growth, estimated at 2.9% in 2019, is projected to increase to 3.3% in 2020 and inch up further to 3.4% in 2021.
Japanese supermarket chain Aeon Co Ltd, said it aims to start selling eco-certified sushi this year amid growing demand for sustainable seafood and in time for an expected surge in tourists during the Tokyo Olympics. European stock markets are set to open lower Tuesday, following losses in Asia overnight amid worries about the extent of a new virus in China. The DAX futures contract traded 110 points, or 0.8%, lower.
Nifty50 closed at low 12169.85 level, -54.70 points, or -0.45 per cent. Nifty Support : 12120 and 12050 Resistance : 12230 and 12270.
