Markets likely to weather Trump storm

Experts says D-Street will await detailed policies; IT, pharma may face some heat

Dalal Street is unlikely to see an adverse reaction to Donald Trump’s inaugural speech on Friday, where the 45th President of the United States underscored the protectionist agenda with a ‘Buy American, Hire American’ slogan. However, shares of information technology (IT) and pharmaceutical companies could feel some heat in the short-term, given their high dependence on the world’s largest economy. The rupee and the bond markets, too, are likely to be muted, say experts.  

However, experts say investors will have to brace for high volatility during Trump’s initial period in office, as more clarity emerges from Washington. A clear