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gift nifty
GIFT indicates a flat start for Nifty in today's trading session. Nifty futures were trading around 24,275.
Key levels for Nifty 50:
Support based on pivot points: 24,243, 24,334 and 24,481
Resistance based on pivot points: 23,948, 23,856 and 23,709
global market signals
Global cues are looking good for the market. US futures rose a quarter percent ahead of the election results. Yesterday the Dow closed 430 points higher, while in Asia the Nikkei gained one per cent, while the GIFT NIFTY also gained a quarter per cent.
A look at the results of the US presidential election
The world is keeping an eye on the results of the presidential elections in America. Donald Trump is ahead in the initial trends. Harris got 30 electoral votes against Trump's 154. Trump has also got a lead in swing state Georgia.
What will be the impact if Trump wins?
Tariff may increase on Chinese goods. The tariff increase will have little impact on India. Inflation may increase in America due to increase in tariff. The biggest impact is possible on pharma exports. H1-B rejections may increase, IT will be affected, there may be a slight decrease in crude oil prices.
What will be the impact if Kamala wins?
There is little hope of new changes in the current strategy. A good impact can be seen on leather and textile exports. There may be a slight reduction in the price of the medicine. No changes are expected in IT and immigration policies. There is little hope of major changes in crude oil prices.
Asian market
Today mixed business is being seen in the Asian market. GIFT Nifty is trading with a gain of 14.50 points. At the same time, Nikkei is seen around 39,341.44 with a gain of 2.20 percent. Whereas Straits Times is showing a weakness of 0.01 percent. Taiwan markets are trading up 1.02 percent at 23,343.37. Whereas Hang Seng is seen falling by 1.85 percent at the level of 23,343.37. At the same time, Kospi is trading 0.20 percent down at 2,571.83. Whereas, Shanghai Composite was trading 16.88 points or 0.50 per cent higher at 3,403.87.
FII and DII statistics
Foreign institutional investors sold Rs 2,569.41 crore in Indian markets on November 05. At the same time, domestic institutional investors purchased Rs 3,030.96 crore on this day.
Upcoming shares in F&O ban
Restricted counterparties under the F&O segment include firms whose derivatives exposure exceeds 95 per cent of the market-wide position limit.
New stock included in F&O ban: Neel
Stocks remained unchanged in F&O restrictions: Nil
This stock removed from F&O ban: Nil
