Comments
The Nifty, India’s widely tracked derivative index, crossed the psychological 12,000 mark on Thursday, thanks to optimism in markets worldwide following news of positive developments towards a US-China trade deal.
The 30-share Sensex also touched a new life-time high, closing at 40,653.
The Nifty is just 0.5 per cent below its life-time high. After a sharp fall this June, it took the Nifty five months to reclaim the 12,000 mark.
“Till it (the Nifty) holds above the 11,920-11,950 zone, it could witness an up-move towards its recent life-time high of 12,103 zone,” said a market report from Motilal Oswal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.