By Aditya Raghunath
Investing.com -- Nifty 50 Futures are trading up 0.46% in Singapore as of this report. Generally, Nifty futures are a good indication of the way markets are going to move to India. The last weekend of 2020 was particularly volatile.
President Trump signs the Stimulus Bill: US President Donald Trump tried to play hardball on the Stimulus Bill before caving in to pressure and signing it on Sunday. Markets were on edge over the weekend as not signing the bill would have forced 14 million people to lose unemployment benefits and would have shut down a large part of the government. This move will ensure markets trade normally. Dow Jones 30 Futures , Nasdaq 100 Futures and S&P 500 Futures are up 0.45%, 0.54% and 0.58% respectively.
Brexit deal is done: Across the Atlantic Ocean, the UK and the EU managed to agree on a Brexit deal. This deal was also on tenterhooks as the December 31 deadline approached. While UK Prime Minister Boris Johnson admits that the deal is not the best one for financial services, any deal is better than no deal.
FIIs continue to invest in India: FIIs (foreign institutional investors) are very bullish on Indian markets and have pumped in Rs 41,325 crore in Indian equities this month. As long as FIIs see value in Indian stocks, the markets will be on an upswing.
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