Taking cues from the positive global markets, and also after witnessing domestic buying interest in large- and mid-cap stocks, the benchmark indices, the Nifty has gained more than 1 per cent in today’s session. However the global stocks declined over the trade jitter and weak earnings from the corporate. Nifty settled at 11786.85. Auto shares were the major gainers of the day while Media shares were the losers of the day.
Global Markets
European shares fell for the first time in seven sessions on Tuesday as weak earnings dampened optimism surrounding the U.S.-China trade progress. The pan-European STOXX 600 fell 0.4%.Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
Nifty Chart
Nifty Index closed on positive note at 11786.85 on 29.10.2019. We recommend Buy on dip. Nifty Support : 11720-11675, Resistance : 11900-12000.
