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  • News From Press Biden rally may lift Indian market to new highs

    Biden rally may lift Indian market to new highs

    “The trend will remain up though the market has already rallied on the expectation that Biden was coming,” said Rohit Srivastava, founder, Indiacharts.com.
    The Economic Times Nov 9, 2020

    Will Joe Biden’s victory in the US Presidential election buoy the stock market to new highs? With the Sensex and the Nifty a little over a percent away from record levels, analysts see a high possibility of the key indices scaling fresh peaks in the near-term, riding on the recent bullish momentum worldwide. On Friday, the Nifty ended at 12,263.55, it’s about 1.4% away from record high of 12,430 hit on January 20. The index soared 5% last week on hopes of a fiscal stimulus by the next US President. 

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