Key barometers ended with modest gains after a fairly range bound session on Wednesday. The Nifty managed to close above the 12,100 mark. Recovery in global stock markets boosted sentiment. However, gains were capped ahead of January F&O expiry on Thursday and the Union Budget on Saturday. Tata Motors, Bajaj Finance, Bharti Infratel, Nestle and Bajaj Finserv were among major gainers on the Nifty, while losers were Eicher Motors, TCS, Yes Bank, Dr Reddy’s Labs and HDFC.
The chief executive of Robert Bosch, the world’s biggest auto components supplier, warned that coronavirus could impact its global supply chain, which is heavily dependent on China. European stock markets headed higher helped by a strong close on Wall Street overnight, and some better-than-expected earnings and economic data both in Europe and stateside. The Euro Stoxx 50 index rose 8 points, or 0.2%.
Nifty50 closed higher at 12129.50 level, +73.70 points, or +0.61 per cent. Nifty Support : 12050 and 12000 Resistance : 12170 and 12210.
