Trump victory going to be more shocking than Brexit
The market will be dealing with two major events today, a likely Donald Trump victory and the ban on Rs 500 and Rs 1000 notes. India is processing both these events at the moment. So, Adrian Mowat, Managing Director, Chief Asian and Emerging Market Equity Strategist, JPMorgan advises to refrain from buying into the market today as it likely to go lower. There is going to be a lot of volatility in the global markets if Hillary Clinton loses the US elections , he says.
This is due to the vacuum of information until more clarity on the policies he employs in US emerges. A Trump victory is going to be a bigger and more impactful shocker than Brexit. A decline in Dollar has much broader implications that the sterling. But Mowat adds that despite having a global impact, India is comparatively isolated on the Trump news compared to the other emerging markets, especially China and Mexico.
The market will be dealing with two major events today, a likely Donald Trump victory and the ban on Rs 500 and Rs 1000 notes. India is processing both these events at the moment. So, Adrian Mowat, Managing Director, Chief Asian and Emerging Market Equity Strategist, JPMorgan advises to refrain from buying into the market today as it likely to go lower. There is going to be a lot of volatility in the global markets if Hillary Clinton loses the US elections , he says. 
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