5 months ago
US Election 2024: How will Donald Trump’s win impact the Indian stock market? Chris Wood shares his views
Live MintChris Wood, Global Equity Strategist of Jefferies, believes Donald Trump's return as the US President will be positive for equities. According to CNBC-TV18, Wood believes that Trump's first action would likely be to extend the tax cuts, which would be positive for equities. "Emerging saving schemes which courage equity investments is a long-term positive story, but in recent months, there has been growing retail participation as well," Wood said. Highlighting the risks for the Indian stock market, Wood said some of the stocks are at very high valuations, and there is a risk of earnings disappointments.
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