US Election 2024: What a Donald Trump or Kamala Harris win may mean for Dalal Street

As marketplace participants crossed the globe awaited the result of the 2024 US statesmanlike election, aboriginal trends showed Republican Donald Trump starring successful much states against Democrat Kamala Harris. What tin the humble Dalal Street capitalist expect successful either case? Will a Donald Trump triumph trigger a rally connected Wall Street, and tin specified a inclination instrumentality the Nifty50 past its late-September highest of 26,277? Zee Business Managing Editor Anil Singhvi has analysed the possibilities with a fewer important levels successful the header index, which has yet to screen a 2,064.1-point, oregon 7.9 per cent, region to retest its all-time high. 

During the pre-market hours connected Wednesday, November 6, successful India, each eyes eagerly awaited the numbers successful the historically plaything US states successful Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin.

All eyes were connected 7 cardinal plaything states successful the contention to scope 270 votes successful the Electoral College: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin.

While Trump is learned to beryllium hosting a VIP meal successful Palm Beach, Florida, Harris is reportedly hosting a enactment astatine her alma mater, Howard University, successful Washington DC.

2024 US Election Results | What marketplace guru Anil Singhvi thinks 

What volition a Donald Trump triumph whitethorn mean?

According to the marketplace wizard, Wall Street rallied connected Tuesday successful anticipation of a Trump win. The Dow Jones rose 427.3 points, oregon 1.0 per cent, to extremity astatine 42,221.9 and the S&P 500 gained 70.1 points, oregon 1.2 per cent, to settee at 5,782.8, portion the exertion stocks-heavy Nasdaq Composite changeable up 259.2 points, oregon 1.4 per cent, to 18,439.2. 

Singhvi believes that a Trump triumph whitethorn pb to further gains successful the US markets. 

He expects the Nifty50 to effort to surpass the 24,500 portion successful that case. 

What a Kamala Harris triumph whitethorn mean?

The marketplace guru feels that the US markets are expecting little chances of a Harris win. There is simply a anticipation of a sell-off crossed planetary markets successful specified a case, helium said. 

If that happens, a autumn beneath the 23,800 people whitethorn worsen the weakness successful the Nifty50, according to Singhvi. 

What volition beryllium the interaction connected Dalal Street?

A wide result of the US predetermination successful aboriginal trends whitethorn springiness a wide absorption to Dalal Street, with markets anticipating higher chances of a Trump triumph successful the historical election. 

Dalal Street bulls tin expect a beardown breakout astatine the 24,500 people connected the Nifty50 with spaces similar PSUs, metals and IT enjoying accelerated buying, helium said. 

The marketplace guru suggests investors to commencement buying successful lawsuit of a lacklustre commencement to the day. 

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