Nifty reclaims 12,000-mark after 5 months

Our Bureau Mumbai | Updated on November 07, 2019 Published on November 07, 2019

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.

Published on November 07, 2019
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