Key market barometers ended with decent gains on Thursday. Indices witnessed significant volatility on account of monthly F&O expiry. The November 2019 F&O contracts expired today, 28 November 2019. On macro front, India’s GDP data for September quarter is scheduled to be published on Friday, 29 November 2019. Ratings firm ICRA expects further deterioration in the growth of India’s GDP to 4.7% in Q2 of FY2020, due to weakening momentum in the industry.
Global Markets
Nissan Motor Co. is introducing a new, higher-tech production system globally to try to boost efficiency as it looks to reverse a slide in profitability. A four-day rally that had lifted world stocks to near-record highs stalled on Thursday as a U.S. bill backing Hong Kong’s protesters became law, provoking China’s ire and threatening to derail an interim trade deal between Washington and Beijing.
Nifty Chart
Nifty Outlook
The Nifty 50 index closed at 12154.30, gained +53.60 points 0.44% on 28.11.2019. Nifty Support : 12100 and 12050 Resistance : 12200 and 12240.
