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Equity Market
8 Nov 2020
Joe Biden Win to Drive FII Flows into Indian Equity
Democratic candidate Joe Biden won against the Republican nominee, President Donald Trump in US Presidential Elections. Joe Biden’s victory is positive for Sensex & Nifty as the US's new stimulus package will boost market sentiment and increase FII inflows in emerging markets. However, corporates in USA will see higher tax rates & tighter regulations which could put pressure on profitability margins.
C S S Nikhil Bhargav
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