Dalal Street Week Ahead: November 2nd Week: #NiftyFuture Weekly Trend

NiftyFuture last close: 12261.45

What a fabulous week and Fire work was seen on last week

NiftyFuture claimed 620 points or 5.3%, Sensex rose 2279 points or 5.75% and Banknifty gained 12%

Last Monday NiftyFut was opened at 11683 and last Friday index ended at 12261

Just 1.4% away from All Time High levels seen in January this year

One of the big event was ended on Saturday tonight. Finally Biden declares victory

FIIs pumping huge money in last week, they invested Rs 13399 crore in cash segment whereas DIIs sold 6789 crore

Biden is set to become the 46th president of the United States and Kamala Harris, who is of Indian origin has become the first-ever women Vice President elected of USA

Biden plans to increse H-1B visa limit on employment based visas which are expected to benefit tens of thousands of Indians gets benefit

Maybe IT and Pharma stocks were major benefit after Biden’s victory

Big bad news is….. US cases exceed 1 lakh for third straight day.

On Friday infections reached a record 126714 (Source: Bloomberg)

Again talk of the town is US stimulus package

In India Covid-19 active cases is 5,11,922 and recovery rate stood 92.5% while 1,25,000 were deaths

Bihar election result will be declared on Nov 10 Tuesday

Coming week important earnings to watch Tatasteel, Ongc, Gail, Hindalco, Apollohosp, Bharatforg, Bata, Jublfood, Irctc, Grasim, MGL, Suntv, PFC, IGL, and Lichsgfin