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Market Headstart: Nifty likely to reclaim 12,000-level; GSPL, NIIT Tech top buys

Trends on SGX Nifty indicate a positive opening for the index, with a 68 points gain

January 07, 2020 / 09:26 AM IST

Nifty is likely to reclaim 12,000 level on January 7 supported by strong global cues, and stable crude oil prices.

Trends on SGX Nifty indicate a positive opening for the index, with a 68 points gain, or 0.56 percent up move. The Nifty futures were trading around 12,116-level on the Singaporean Exchange.

The S&P BSE Sensex plunged nearly 800 points on January 6 to register its biggest single-day fall in a year while Nifty50 breached 12,000 to post its biggest one-day fall in six months.

Volatility index surged over 16 percent, the biggest single-day gain in a year.