Market Update
Asian shares scaled an 18-month high on Friday while oil prices stayed buoyant in a holiday-shortened week, as
investor optimism improved on hopes a US-China trade deal would soon be signed. In early European trade, the pan-region Euro Stoxx 50 futures added 0.4 per cent, German DAX futures rose 0.6 per cent while FTSE futures were up 0.5 per cent.
Snapping three-day losing streak, buying sentiment was back at D-Street with benchmark indices edging a per cent higher on Friday lifted by gains in financial counters. On the NSE, the Nifty50 ended 124.15 points, or 1.02 per cent highet at 12,250.70-mark.The Sensex and Nifty50 hit an intra-day high/low of 41,611.27/41,264.92 and 12,258.45/12,157.90, respectively.
On the sectoral front, all the key indices on the NSE settled the day in the positive territory. Nifty PSU Bank index was the best performing index, up 3 per cent, at close, followed by gains in Nifty Realty index (1.6 per cent), and Nifty Bank index (1.3 per cent). The broader markets, too, followed headlines indices with the S&P BSE mid and small-cap indices gaining 0.86 per cent each.
Nifty Chart
Nifty Outlook
Nifty50 closed higher at 12245.80 level, 119.25 points, or +0.98 per cent. Nifty Support : 12190 and 12150 Resistance : 12290 and 12330.
