The market effect of Trump’s victory | Fusion - WeRIndia

The results of the 2024 U.S. Presidential election are out. Donald Trump’s victory has been announced.

This event has already majorly started affecting the Indian stock market. With Donald Trump set to return as president, Indian markets have seen a rise.

On Wednesday, both the Nifty 50 and Sensex grew. The Nifty 50 went up by 218 points, reaching 24,432. Similarly, the Sensex rose by 770 points to hit 80,245. The market has already been doing quite well.

Two days in a row the market has performed well. The news of the US elections is something that the market has been waiting for eagerly.

Trump’s win might have both good and bad effects on India. If he leads a Republican government, there could be more trade restrictions, such as higher tariffs on imports.

This could hurt some Indian industries. For example, the Indian pharmaceutical sector might face challenges because higher tariffs could make Indian drugs more expensive for Americans.

The IT sector might also see lower demand if there are fewer U.S. companies buying services because of economic slowdown and trade tensions.

On the other hand, there could be benefits for some Indian companies. Trump’s support for fossil fuels and a slowdown in China’s economy could lower global commodity prices.

If this happens, it could help Indian oil companies like HPCL, BPCL, and IOC. These companies could see better profits as their costs drop.

City gas distributors like IGL and MGL might also benefit from lower costs, which could lead to cheaper prices for Indian consumers.

Trump’s policies could bring both challenges and opportunities for India. While some sectors may face difficulties, others could profit from the changes. It will take time to see the full effects on the Indian economy.

Image Credit: BSEINDIA, CC BY-SA 3.0, via Wikimedia Commons

Image Reference: https://commons.wikimedia.org/wiki/File:BSE_building_at_Dalal_Street.JPG