Global markets fear a Donald Trump win in US Presidential election while the Federal Reserve kept interest rates unchanged in its last decision before the polls. The central bank maintained status quo in interest rates but signalled it could hike in December, as equities remained pressured by uncertainty over the impending US elections.
Indian market may continue to see selling pressure Thursday in tandem with global peers. Foreign institutional investors (FII) remained sellers this month. FIIs sold over Rs 5700 crore in cash market in November. FIIs have sold in 12 of 19 sessions and domestic peers have bought in 16 of 19 sessions in October.
