DOMESTIC equity market is experiencing high volatility and witnessed a major correction in the run-up to the closely contested presidential elections in the United States. The local benchmarks corrected sharply on Monday as the street at large believes that a win by Republican candidate and former president Donald Trump will have more negatives for emerging markets (EMs), including India, than positives.
A win by the current vice president and Democratic Party candidate Kamala Harris is mostly deemed favourable for markets as this would mean continuity of existing policies.
This story is from the November 06, 2024 edition of The Morning Standard.
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This story is from the November 06, 2024 edition of The Morning Standard.
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