Stocks to buy: Donald Trump is set to become the 47th president of the United States of America.

The impact of the election result will likely be felt on trade policies, foreign investment and currency movements.

Impact on markets- Markets cheered with Nifty and Sensex gaining coe to 1%. Experts like Deepak Jasani, head of retail research at HDFC Securities, said the outcome of the US presidential election is positive for the market in the short term and apart from China, most global markets could see positive traction with some volatility in Europe.

Nifty saw a strong recovery from 23800 level with 24650 as an immediate hurdle. Above 24650, the 25000-25200 zone is a critical resistance zone. Immediate support is at 24040 with further support at 23800, said Pravesh Gour, senior technical analyst at Swastika Investmart Ltd.

Bank Nifty is outperforming with an immediate resistance zone at 52300-52600. Above 52600, the next target levels are 53300 followed by 54000-54500. Immediate support lies at 51800 and 51600 with strong support at 51000 according to Gour

Treasury yields- The possibility of the Trump card could push up UST 10Y yields which would most likely have a butterfly effect that would push the benchmark Indian 10Y yield above 6.90%, said Shrisha Acharya, Vice President, Anand Rathi Global . Finance.

Currency: The Indian rupee depreciated, it was the dollar that strengthened. Dollar may hold firm with Trump coming to power. Lower crude oil prices and a positive trend in domestic stocks and lower global crude oil prices will still support the rupee.

Crude oil_ Crude oil corrected, with Brent crude down 1-2% to $74.50 a barrel. Crude oil may remain tight as Trump may increase the pace of exploration and production activities.

Oil trading companies– Oil trading companies such as Bharat Petroleum Corporation, Indian Oil Corporation and Hindustan petroleum Corporation may be key beneficiaries if crude oil prices remain lower.

Energy_ A Trump victory could also lead to greater energy cooperation, especially given India’s expanding energy requirements. The details of Trump’s policy and India’s response will determine the overall effect, analysts said

The export sector. While the stronger dollar is positive for exports, analysts believe that the “America First” approach to trade policy, a Trump victory could have a big effect on the Indian market. Tariff hikes and protectionism could result from this, which could affect India’s exports to the US, Gour said

Information technology- The asset gain is not viewed in a positive light for the technology sector. A Trump administration may be less enthusiastic about the US-India trade tie, which could impact collaboration and investment in areas such as technology and defense, Gour said.

Chokkalingam G founder of Equinomics Research Pvt Ltd expects consolidation in the IT space to continue and we could see more M&A activity.

Internally oriented sectors better places

Domestically oriented sectors are the better placed analysts. While Automobiles, FMCG and Cement may register single digit growth. Banks, Infrastructure and Pharma are better placed, Chokkalingam said. Tire makers could be better placed for earring growth with natural rubber prices falling and crude oil prices also remaining range-bound.

Disclaimer: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to consult certified experts before making any investment decisions.

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