Equity Market

Nov 8th 2020

Joe Biden Win to Drive FII Flows into Indian Equity

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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.

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C S S Nikhil Bhargav
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