Donald Trump Or Kamala Harris? Who Is Better As US President For Indian Markets?

Who will win the U.S. Presidential Election? Will it be Donald Trump or Kamala Harris? And most importantly, who will benefit the Indian stock markets? Emkay Global suggests a Donald Trump victory could favour markets with a pro-corporate tax stance and a reduced regulatory environment, while a Kamala Harris presidency may align with current Biden policies, with some challenges to foreign relations. A Democratic sweep, though possibly triggering short-term selling, would have minimal impact on Indian markets, though gridlock in Congress could increase market volatility. The report from JM Financial sheds light on sector-specific impacts in India. Banks and NBFCs might face a challenging interest rate environment under Republicans, while NBFCs could benefit from RBI rate cuts expected under Democrats. Indian IT firms may encounter stricter H-1B visa policies under Trump, and auto ancillaries, commodities, chemicals, and textiles could see gains if U.S.-China tariffs rise. In manufacturing, a Trump focus on ‘Make in America’ could elevate Indian industrial players with U.S.-based parent companies. Watch now to explore the potential outcomes and the sectors poised to benefit!