The market declined after lackluster trading session on Thursday as investors booked profits after the government approved stake sales in select PSU firms. Zee Entertainment Enterprises surged on the promoter group’s plan to pare stake. The Nifty gave up the crucial 12,000 mark and closed below that level. Zee Entertainment, Eicher Motors, Dr Reddy’s Laboratories, Adani Ports and HUL were among major gainers on the Nifty, while losers were BPCL, Coal India, Tata Steel, Yes Bank and Bharti Airtel.
Global Markets
German carmaker BMW ordered more than 10 billion euros’ worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co. Global stocks slid further as the standoff between the world’s two largest economies extended beyond trade, reducing the odds of a “phase-one” deal this year.STOXX 600 (STOXX) sliding 0.7% to fresh two-week lows.
Nifty Chart
The Nifty 50 index closed at 11,968.40, lost 30.70 points -0.26% on 21.11.2019. Nifty Support : 11950 and 11880 Resistance : 12000 and 12040.
