Taking Stock: First hint of consolidation but bulls help Nifty climb above 12,300

Indian market witnessed a kneejerk reaction on January 15 tracking muted global cues, but bulls managed to push Nifty50 back above 12,300 levels late in the afternoon session.

World stocks eased off record highs on Wednesday and the US and German bond yields slipped as euphoria over a Sino-US trade deal was depleted by US Treasury Secretary Steven Mnuchin who said tariffs on Chinese goods would remain in place, for now, Reuters reported.