The key barometers reversed early gains and ended with modest losses on Tuesday. The Sensex hit an all-time of 41,120.28 while the Nifty hit an all-time high of 12,132.45 in morning trade. India’s GDP data for September quarter is scheduled to be published on Friday, 29 November 2019. On political front, Devendra Fadnavis has resigned as the chief minister and Ajit Pawar has resigned as the deputy chief minister of Maharashtra ahead of tomorrow’s floor test. The BJP has summoned its MLAs at Wankhede Stadium tonight.
Global Markets
South Korea’s Hyundai Motor has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia.European shares were slightly lower after a strong start to the week, as investors sought concrete signs of progress in U.S.-China trade talks, while London’s Compass Group tumbled after signaling softness in its European business.The benchmark index (STOXX) was down 0.2%.
Nifty Chart
Nifty Outlook
The Nifty 50 index closed at 12037.70, lost -36.05 points -0.30% on 26.11.2019. Nifty Support : 12000 and 11950 Resistance : 12100 and 12140.
