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New York: Stocks on Wall Street hit all-time highs, bond yields jumped and the dollar was set for its best day since 2020, with investors mapping out Donald Trump's return to the White House and what his policies will mean for markets. The S&P 500 climbed 2%, heading toward its 48th record this year, on bets the newly elected president will enact pro-growth policies that will boost Corporate America. A gauge of small caps rallied 4.6% amid speculation they will benefit from Trump's protectionist stance, while wagers on lower taxes and reduced regulation lifted banks. Insurers focused on the Medicare market jumped on expectations the government will pay higher rates to companies that provide private versions of the US health program for seniors. Trump Media & Technology Group Corp. gained 6%.Wall Street's "fear gauge" - the VIX - tumbled the most since August to around 16. Trading on stocks spiked, with the S&P 500 volume 110% above the average of the past month. The Dow Jones Transportation Average jumped to a fresh high after a three-year drought of records, finally confirming the strength of its industrial counterpart. The breakout is a bullish sign to followers of an investing framework known as Dow Theory that says synchronized gains in both gauges portend better times ahead for the broad market.Treasury yields climbed across the curve, with the move led by longer-term bonds as traders slashed wagers on the scope of rate cuts by the Federal Reserve.Investors have doubled down on bets for policies such as tax cuts and tariffs that could trigger price pressures. The moves also signal worries that Trump’s proposals will fuel the budget deficit and spur higher bond supply. “For now, investor sentiment is pro-growth, pro-deregulation, and pro-markets,” said David Bahnsen, chief investment officer at The Bahnsen Group. “There is also an assumption that M&A activity will pickup and that more tax cuts are coming or the existing ones will be extended. This creates a strong backdrop for stocks.” The dollar rallied against most major currencies, with the euro down 1.9%. The Mexican peso pared its loss to 0.7%. Bitcoin, viewed by many as a so-called Trump trade after he embraced digital assets during his campaign, hit a record high. Commodities came under pressure, with gold and copper tumbling.

Mumbai: Investors on the constant lookout for emerging big-picture investment trends are assessing the impact of the election of Donald Trump as the next US President on Indian companies. With Trump expected to impose tariffs on imported goods into the US, there is uncertainty about the prospects of Indian exporters, which could result in investors focussing more on shares of companies that benefit from domestic demand.One of the key elements of Trump's election manifesto was a universal tariff on imports from all countries. Imports from China would, however, face a 60% tariff. Such duties are aimed at discouraging imports and boosting domestic production in the US."A Trump administration is likely to bring renewed trade tensions, with potential adverse effects on India's key export sectors and capital inflows," said Nitin Aggarwal director--investment research and advisory at Client Associates. "The economic outlook for India will depend significantly on the global trade environment and how quickly the US economy adjusts to the policy changes that are likely to follow a Trump victory." 115034619Market participants have contrasting views on which sectors would be impacted by the shifting political dynamics in the US. Aggarwal expects pharmaceuticals and IT to face challenges. The optimism about the domestic exporters’ prospects stems from the view that China would face higher tariffs than India. “We can see aggressive implementation of tariffs for goods Imported into the US. Indirectly, the maximum impacted would be China,” Vaibhav Sanghavi, chief executive officer at ASK Hedge Solutions. “In the recent past, we have seen a surge of interest towards China, post stimulus. This may reverse back to other emerging markets, should it be implemented.” Some see sectors like electronics manufacturing services (EMS) and chemicals benefitting from Trump becoming the President. “While global trade volatility may rise, India stands to benefit as a relative beneficiary amongst emerging markets as US companies pursue a ‘China +1’ strategy, likely boosting sectors like EMS, chemicals, and pharma,” said Trideep Bhattacharya, CIO-equities, Edelweiss Mutual Funds.

Washington: Donald Trump was elected the 47th president of the United States on Wednesday, an extraordinary comeback for a former president who refused to accept defeat four years ago, sparked a violent insurrection at the US Capitol, was convicted of felony charges and survived two assassination attempts.Republicans reclaimed control of the Senate-crucial in helping Trump push his agenda through. Neither party however appeared to have an edge in the fight for control of the House of Representatives where Republicans currently hold a narrow majority.US Vice President Kamala Harris called Trump to congratulate him, one of her senior aides said, following a bitter and contentious race."It's a political victory that our country has never seen before," the president-elect told supporters overnight in Florida.Supporters chanted "USA!" as the 78-year-old added that his "magnificent" win would "allow us to make America great again".World leaders swiftly pledged to work with Trump, led by Israel and Ukraine where the course of raging conflicts could depend on the new president and his isolationist "America First" policies. Indian Prime Minister Narendra Modi was among the first to speak to him. 115029610 Harris, who only entered the race in July after President Joe Biden dropped out, ran a centrist campaign that highlighted Trump's inflammatory messaging and use of racist and sexist tropes.But his apocalyptic warnings about immigration found their mark with voters battered by the post-Covid economy and eager for change after the Biden years.Hispanic and Black Americans were seen as crucial voting blocs for Harris, but exit polls showed they tilted toward Trump in numbers far greater than in 2020.Opinion polls predicted a nail-bitingly close contest-yet the results came surprisingly fast, including Trump's flipping of key swing states that Biden won four years ago.He appeared on track to win the popular vote too-the first time he has done so in three presidential runs. Trump is the first president in more than a century to win a non-consecutive second term.He is also the only person to be elected as a convicted felon-he will face sentencing in a New York court for fraud on November 26.