Morning Update of market for the day of 01 December 2017

Market Update

The Nifty50 started on a weak note on Thursday and crash under selling pressure after fiscal deficit at the end of October hit 96.1 percent of the Budget estimate for 2017- 18.

The Nifty50 opened at 10,332 which also became the intraday high level. The index slipped near its crucial support level placed around 10,200 and hit its intraday low of 10,211. It closed 134 points lower at 10,226.55.

SGX Nifty

The Nifty50 futures on the Singapore Stock Exchange were trading 24 points lower at 10254 indicating a negative opening for the domestic market.

US markets end higher as S&P closes at record high

The S&P closed at a record high and the Dow Jones Industrial Average broke above the 24,000 mark for the first time on Thursday. The Dow Jones Industrial Average rose 331.67 points, or 1.39 percent, to 24,272.35, the S&P 500 gained 21.51 points, or 0.82 percent, to 2,647.58. The Nasdaq added 49.63 points, or 0.73 percent, to 6,873.97, Reuters reported.

Source

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