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“On the positive side, 20,000 has been a very strong support zone for Nifty as of now. So, on the higher end, 20,000 is the immediate support zone followed by 20,100 and 20,300 is the first resistance that can be seen. But looking at the overall sentiments, one can expect 20,500 from a broader term perspective. ”

The S&P 500 Index notched one of its biggest November gains on record, jumping 8.9% for its second-best performance for the month since 1980 as speculative corners including Bitcoin and meme stocks like GameStop posted gains. The world’s largest cryptocurrency by market value soared to its highest level in 18 months.

“If Evergrande fails to deliver an improved restructuring plan that meets the demands of the ad hoc group of creditors, the Hong Kong court is very likely to grant a winding-up order against the company,” said Lance Jiang, a partner at law firm Ashurst LLP.

According to Putnam, most investors chase the same stocks which are followed by hundreds of highly trained analysts and so it is hard to outperform. So he advises investors to seek out unloved, down-and-out turnaround situations as when these stocks eventually do come back, they can soar as investors pile into them.

"There are two things that are happening simultaneously in India. One is the world is coming closer and so that is where international foods are coming here much faster than ever. At the same time, there is this pride in Indianness. What that is doing is eating foods from different parts of the country. Let us say millets. No one would have imagined that adoption of millets would have happened."

“Do not chase the new stocks at new highs because you have the fear of losing out. . HCL Tech has been my top pick over there. I still think HCL Tech is headed to Rs 1500 and I would add a Persistent and Coforge on declines. It is better if you chase an ETF, that is the CPSE ETF, it comprises about 12 of the best blue chips of PSUs. ”

The strong momentum seen last week has led to the hope of the momentum continuing in the week ahead. However, sustenance of the momentum depends on the outcome of certain crucial events such as the outcome of the assembly elections that took place in 5 states, the outcome of which will be out on Sunday.

The relationship between the US dollar and gold is often characterized by an inverse correlation. When the US dollar weakens, gold prices tend to rise and vice versa. Earlier, gold prices in the international markets were primarily driven by real interest rates. Robust US economic release boosted bets of higher-for-longer rates which ended up lifting the US currency and bond yields.

He was optimistic on consumer spending. Markets interpreted his remarks to be a clear indication that the Fed is done with hiking rates.