Indian markets are currently experiencing increased volatility due to the upcoming U.S. election. Investors are closely monitoring the potential impact on equities.
Historical trends suggest that when Democrats win, Indian indices tend to have positive openings and maintain momentum throughout the month. In previous presidential cycles, Indian markets have seen significant rallies influenced by global economic conditions. For example, when Joe Biden won the 2020 election, there was a remarkable surge in the Nifty and Sensex, reaching record highs. This growth was driven by factors such as post-COVID recovery, increased global liquidity, and strong domestic economic performance, which all contributed to India's growth trajectory.