Will the market rise again today? The market connection to Trump’s coronation
When Donald Trump won the US elections, the Indian stock market also celebrated and saw a huge rise at that time. The relationship between Donald Trump and the Indian stock market goes something like this. Now that Trump is about to return to the White House, the Indian stock market is once again in turmoil. Stock markets open today after a two-day holiday, so the question is how will Trump 2.0 affect the Indian markets? Will the stock market set another record on Coronation, let’s know the opinion of experts…
Trump’s Market Connection
Donald Trump is going to be sworn in as the US President for the second time on the evening of Monday, January 20. On November 6, when Trump won the US elections, the Sensex gained 901.50 points to cross the 80,378.13 level, while the Nifty saw a gain of over 270 points. Market experts believe that Trump’s coronation could be a big change for the Indian markets. In such a scenario, it’s time for investors to take careful and prudent decisions.
Apart from this, according to Parvesh Gaur, Senior Technical Analyst of Swastika Invest Mart Limited, in the PTI report, all eyes are on Donald Trump on the global front. Trump is officially returning to the White House as the US President on January 20 and the impact of the announcements made by him can be seen on the market.
They will be affected
According to Ajit Mishra, senior vice-president research, Rally Gear Broking Ltd, media reports suggest that Trump’s coronation could have both positive and negative effects on Indian stock markets. His America First policy could create difficulties for businesses. But at the same time, IT, pharmaceuticals and defense can benefit from US-India relations. If we talk about the rupee and the dollar, because of the policies of Donald Trump, the US dollar may become stronger and the rupee weaker.
