Donald Trump Oath Ceremony: Trump 2.0 will start from today. Trump’s swearing-in ceremony will take place at 10.30 pm. Everyone wants to know what Trump’s arrival will be like for our markets. For which sectors there is a chance and which is a challenge. Analyzing the pros and cons of Trump 2.0 in detail, Mithali Jain of CNBC-Awaaz said that Trump 2.0 will be both a chance and a challenge for India. Talking about the chances for India, the trade war between America and China may deepen. Due to this, India can become an alternative for supply chain. Electronics, metal, chemical, textile and auto industries in the country can benefit from this. A strong dollar may prove good for Indian exporters. Defense and technology related stocks may benefit from strengthening US-India relations.
Trump 2.0: Challenge for India
There will also be challenges for India in Trump 2.0. Tariffs on imports may increase under Trump’s America First Agenda. This may create a challenge for Indian pharma, IT and textile companies.
Trump 2.0: Preparing for tax cuts?
Trump can reduce corporate tax from 21 percent to 15 percent. Indian companies can also benefit from this.
Trump 2.0: What impact on pharma?
Efforts to reduce drug prices may put pressure on pricing. Growth in exports is possible due to increase in demand for generic drugs.
Trump 2.0: Energy and commodities
Oil and gas production in America is expected to increase. Crude prices may remain stable due to increase in oil-gas production. IOC, BPCL and city gas distribution companies can benefit from this.
Trump 2.0: Metal and Infra
Investment in infrastructure in America is expected to increase. Metal companies can benefit from increasing investment in infra. This news is good for Tata Steel and Hindalco. At the same time, if higher tariffs are imposed on China in Trump 2.0, then textile-electronics will benefit.
It is possible for Nifty to reach 25000 again by the budget, Reliance will take leadership – Rahul Sharma
Markets around the world are keeping an eye on Trump 2.0. Today, Donald Trump is sworn in at 10.30 pm Indian time. Yesterday, 100 selected people from the world were invited for dinner at Donald Trump’s private function. Mukesh Ambani and Nita Ambani also participated in it. Donald Trump has expressed hope of strengthening India-US relations. Donald Trump will be sworn in as the 47th President of America today.
Meanwhile, Donald Trump has spoken to the Chinese President on phone before taking the oath of office. Donald Trump said that the conversation with Xi Jinping was very good. There may be differences between the two countries but both the countries will work together for world peace.