The Federal Reserve kept interest rates unchanged and will hike rates in December as strong economic growth, higher tariffs and rising wages will boost inflation.
The Federal bank said “economic activity has been rising at a strong rate” and job gains “have been strong,” they also signalled a drop in the unemployment rate, thus they gave the outlook for “further gradual” rate increases.
Day before yesterday results of US mid term elections were declared where Democratic party wins with 225 seats.
US market took midterm election positively and rallied 74 points from 2744 to 2818 and is currently trading at 2802.
Asian markets are trading weak with Hang seng down 494 points and Nikkei down 192.
In Options FII and Pro has shown very less activities in current expiry till date their net position stood at 30911. Thus provide no clear direction in for the markets.
Sector Performance as on 7th November
Small Cap Gainers as on 7th November
Large Cap Gainers and Lossers as on 7th November
Mid cap Gainers and Losers as on 7th November
NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION
Cash Market Data
In last 10 days, FII and DII in net have sold stocks in cash segment worth Rs. 75.30 Crore.
There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.
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