Key equity barometers ended with small losses on Thursday. Trading was volatile on account of weekly index options expiry today. Traders keenly watched the Assembly election results in Maharashtra and Haryana. Risk appetite was affected as BJP was seen struggling to reach majority mark of 46 seats in Haryana. After opening higher, the Nifty pared gains in early trade and slipped below 11,600 mark in mid-morning session. Bargain
hunting emerged in the last hour of trade, which pushed index near 11,580 level.
Global Markets
Xcel Energy earnings missed expectations on revenue that fell short of forecasts. The firm reported earnings per share of $1.01 on revenue of $3.01B. European shares gained as upbeat results from German companies offset a dour profit forecast from Nokia and a mixed bag of business sentiment indicators ahead of the European Central Bank’s October policy meeting. European stock index (STOXX) rose 0.3%.
Chart Nifty
Nifty Index closed on weak note at 11582.60 24.10.2019. Nifty has resistance at 11650. Nifty Support : 11530-11470, Resistance : 11650-11700.
