Domestic shares ended with small losses on Tuesday, extending a steep sell-off a day earlier. Despite a positive start, the market barometers reversed trend by mid-afternoon trade and ended in the red. U.S. President Donald Trump’s two-day visit failed to boost investor sentiment. President Trump reportedly said on Monday the two countries will sign defense deals worth $3 billion and that both sides were at the early stages of reaching an “incredible” trade agreement. However, fears of a global recession are running wild as countries battle the Covid-19 (coronavirus).
Southeast Asia’s Grab Mitsubishi UFJ Financial Group Inc (MUFG) and IT services firm TIS Inc have agreed to invest a combined $856 million in the ride-hailing firm. European stocks drifted lower in volatile trade Tuesday as markets failed to set a floor after the pounding it took over the spread of the Covid-19 (coronavirus) in Italy and in South Korea.
Nifty50 closed lower at 11797.90 level, -31.50 points, or -0.27 per cent. Nifty Support : 11710 and 11600 Resistance : 11880 and 11830.
