Market Update
Benchmark indices surged to new life time high continuing the buying rally for the third day despite weak performance by global peers. Nifty remained bullish trading on its native buy trend and settled at 12290. Pharma stocks were the major losers of the day while IT shares were the major gainers of the day.
Global Markets
Swiss-Dutch Company Allseas had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump. U.S. stocks were higher on Friday, as gains in the Telecoms, Oil & Gas and Healthcare sectors led shares higher. DJIA added 0.28% to hit a new all time high, while the S&P 500 index gained 0.49%.
Swiss-Dutch Company Allseas had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump. U.S. stocks were higher on Friday, as gains in the Telecoms, Oil & Gas and Healthcare sectors led shares higher. DJIA added 0.28% to hit a new all time high, while the S&P 500 index gained 0.49%.
Nifty Chart
Nifty Outlook
Nifty50 closed higher at 12271.80 level, +12.10 points, or +0.10 per cent. Nifty Support : 12240 and 12200 Resistance : 12300 and 12350.
