Donald Trump vs Kamala Harris: How US elections may impact Indian stock market

Posted on:
Key Points

With the US election just a day away, Indian markets prepare for shifts across sectors from tech to oil..

With the US presidential elections just a day away, the November 5 showdown between Republican Donald Trump and Democrat Kamala Harris has global markets on edge..

According to Gaurav Garg of Lemonn Markets Desk, a Trump victory might bring short-term cheer to equities on hopes of business-friendly policies, while a Democratic win is expected to keep markets relatively steady.. Polls show the election is a toss-up and, in our view, a Democratic victory is more of a status-quo outcome for markets..

Nifty 50s forward P/E still sits at 21.2x, around 15.7% above its 10-year average, Garg points out.. Foreign investors remain wary, having pulled a record Rs 1.14 lakh crore out of Indian markets in October alone..

In an election year, markets are especially responsive to potential shifts in policy that could steer global growth, noted Garg, adding that markets are forward-looking, meaning they build expectations around likely election outcomes well in advance.. . v . Looking back at past US election cycles, the Nifty50 performance generally shows a positive trajectory in the 1-month, 3-month, and 6-month periods after election day...

You might be interested in

Stock market to focus on global cues in coming week: Experts

10, Aug, 24

Mumbai (Maharashtra) [India], August 10 (ANI): The stock market in the upcoming week will be looking at global happenings such as international market performance, anticipations of recession in the US, and domestic macroeconomic indicators such as IIP, CPI, and WPI inflation data, said market analysts. The market will be closely looking at the conclusion of […]

Indian stocks soar as global contagion fear recedes

31, Mar, 23

Large caps led Friday’s rally, with support from small and medium caps.

Sensex, Nifty trade flat amid mixed global cues

22, Feb, 24

India Business News: Read the latest article on Sensex and Nifty trading flat amid mixed global cues. Get updates on the Indian stock market, market performance, and the impact of international markets on the Sensex and Nifty.

Election results to impact price performance over next 12-18 months: Nilesh Shah, Kotak AMC

26, May, 23

Domestic and global investors, retail investors, and HNIs are buying, and supply has not appeared in the secondary market sale, QIPs, OFS, nor IPOs. The buying has overwhelmed selling, but market regulation works, and selling is inevitable. The Indian market is an oasis in the global desert, with the world tackling inflation and struggling with growth; India has regulated inflation and maintained positive growth rates.

ETMarkets Smart Talk: If the ruling party secures the national election, Nifty could easily surpass 25,000

18, Nov, 23

“There might be some ups and downs until December 3, especially with the state election results coming in, but after that, I expect a pre-election rally in the market.

With 8% gains YTD, India still underperforming in global bull race; will it catch up?

14, Jul, 23

Thanks to foreign investors' relentless buying, the benchmark Nifty50 and Sensex have risen more than 15% from the March lows and reached new highs. Indian equities also joined the club of the best-performing markets in 2023. However, compared to other emerging and developed market peers, India underperforms.

Global concerns weigh on Dow Jones, but Indian market remains resilient amidst challenges

22, Oct, 23

Mumbai (Maharashtra) [India], October 21 (ANI): Concerns regarding rising crude oil, yield and gold prices, coupled with the pessimistic sentiment stemming from the Israel-Gaza conflict and geopolitical tensions, have sent the Dow Jones into a turbulent period. US Federal Reserve Chairman Jerome Powell’s dovish statement has contributed to these worries. Show Full Article The US […]

Stock markets fall in early trade on weak global trends

24, May, 23

Equity benchmark indices began the trade on a weak note on May 24 following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the U.S. Federal Open Market Committee (FOMC) meeting minutes.

Markets to react positively to BJP’s big victory in 3 states; RBI interest rate decision eyed: Experts

03, Dec, 23

‘A stable political environment could further boost investors’ confidence and drive the markets higher, with the possibility of benchmark Nifty attaining 20,500-20,800 levels going ahead appears bright’

FIIs make lowest single-day selling in six sessions in Indian equities. What to expect in Friday's trading?

16, Mar, 23

FIIs who have been net sellers since March 9th in Indian market, made their lowest single-day selling in six trading sessions..DIIs have continued to offset the impact of losses from FIIs selling.