Investors across globe celebrate the election victory of Donald Trump.

*Review & Preview @4PM —— Wednesday, November 6th 2024*

NIFTY (+271, 24484)
Sensex (+902, 80378)
Bank Nifty (+110, 52317)

Trump’s second term as US President ignites optimism at Wall Street.

Wall Street index futures run out of gate as Trump predicts ‘golden age’ for America.

Long Live The BULL

# Sentimental Overview:

1) Investors across globe celebrate the election victory of Donald Trump. The future of Wall Street looks brighter as Trump’s second term as US President ignites optimism as markets anticipate a blend of pro-business policies and economic shifts set to shape the global financial landscape anew.

2) Now, commanding attention will be the Federal Reserve meeting, which will conclude with a policy statement on Thursday, November 7th at 2 pm Eastern Time. The street is betting on a quarter-point cut, but some traders also think that the central bank could stand pat.

# Buzzing stocks:

1) NMDC flared up further 3% after Iron ore futures climbed to their highest levels in more than two weeks, underpinned by growing optimism over further stimulus from top consumer China, although fundamentals of the key steelmaking ingredient remained weak.

2) Swiggy’s much-anticipated initial public offering (IPO) has opened for subscription. The issue will remain open for investors to bid until November 8.

3) Shares of Piramal Pharma (PPL) hit a new peak of Rs 307.85, soaring 13 per cent today’s intra-day trade backed by heavy volumes on a healthy outlook.

# Technical Overview:

Well, sentiments in today’s trade seen turning-around to super bullish mode as Nifty marched higher from strength to strength.

Nifty will face major hurdles at 24911 mark.

Nifty’s biggest support now seen at 24100 mark and then all eyes will be at its 200 DMA 23482 mark.

# Outperforming Nifty Sectors:
NIFTY IT (+4.05%)
NIFTY OIL & GAS (+2.52%)
NIFTY REALITY (+2.45%)
NIFTY PSE (+2.39%)
NIFTY INFRA (+1.75%)

# Bulls of the day:
BEL (+5.33%)
ADANI ENTERPRISES (+4.48%)
TCS (+4.32%)
WIPRO (+3.92%)
HCL TECH (+3.92%)

# Bears of the day:
SBI LIFE (-1.60%)
TITAN (-1.45%)
HDFC LIFE (-1.11%)
INDUSIND BANK (-0.91%)
TRENT (-0.55%)
(Source NSSEINDIA.com)

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