Trump or Kamala Harris: The impact of victory and defeat of both will be visible on Indian companies, know whose victory is more beneficial.

New Delhi : According to a report by Antique Stock Broking, the results of the upcoming US presidential election could have a significant impact on various sectors in India. For this, the preferences of both have been compared in the report and the difference made by their victory has been discussed.

The report suggested that a victory by Democratic candidate Kamala Harris could have a negative impact on the energy sector, while a victory by Republican Donald Trump could benefit infrastructure and capital spending companies.

The report said that if Republican candidate Donald Trump wins the election, it will impact many areas of India. The oil and gas industry may benefit from Trump's support for conventional energy sources. His stance may bring down oil and gas prices, which will have a positive impact on oil marketing companies (OMCs) and city gas distributors (CGDs).

The report outlines Trump's impact on the energy sector, saying he “supports more exploration and drilling for oil and gas to cut energy costs.” Reduction in global crude oil and gas prices. Lower oil prices will be negative for upstream and positive for OMC. Similarly, lower gas prices will be negative for upstream and positive for CGD.”

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In contrast, Harris's approach to the oil and gas sector may be less favorable to producers, as her administration could impose penalties related to carbon emissions, which could increase costs. This contrasts with Trump's more liberal policies on conventional energy sources. Additionally, Trump's focus on making America a global manufacturing superpower could create more opportunities for multinational industrial companies. The information technology (IT) sector may also benefit under the Trump administration.

The report suggests that if Trump revokes China's Most Favored Nation (MFN) status, it could lead to an increase in hiring for Global Competence Centers (GCC) in India, which would positively impact mid-cap IT companies. The report said that China's MFN status should be cancelled. This will lead to more GCC hiring in India, which is positive for mid-caps.

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However, Trump's aggressive immigration stance could present challenges for Indian IT firms, making it harder for workers to obtain H-1B visas, potentially increasing expenses for subcontractors and requiring investment in nearby distribution centers. Will happen. As for the pharmaceutical industry, both candidates support lowering prescription drug costs, but Harris may push for faster approval of generic drugs, which would benefit US generic drug companies.

Reduce prescription drug costs, the report said. The move will hit innovators the most as most high-cost drugs are patented and have little or no generic alternatives. It would also signal faster approval for generic medicines for the first time. This move will be positive for US generic players.

For the metals sector, the report predicts minimal impact regardless of the election outcome, saying no material implications. China's metal exports to other countries, including India, may increase with higher US tariffs.

Overall, the report highlights that the election results could reshape the economic landscape across sectors and that each candidate's policies are likely to have different impacts on industries.