There has been pressure in the stock market for some time now. However, some growth was also seen in the market on Tuesday. Currently, the market is reacting to the results and stock specific action is seen in the market. Along with the results, the market is now also looking at the US presidential election. Actually, the US government's policies have a direct impact on the direction of many domestic sectors. These include IT, auto, energy, defense, commodity, metal and pharma. Out of these, the biggest impact is seen on the IT sector. America is the biggest source of income for most companies, so the movement of the rupee and the US government's policies can be seen affecting the income of the entire sector.

What is the problem of the sector

The biggest problem of the market and the sector is that not only the presidential candidates have completely different thinking about economic policies, but there is also uncertainty about the results of the election. Trump and Kamala Harris are face to face in the contest and the indications received so far are uncertain about who is going to win the contest. Voting is to be held on November 5. What is the opinion of experts In its latest report, PhillipCapital said that IT companies can face a bigger challenge if Trump wins the election. In fact, Trump has been very strict about immigration. The report says that although Indian IT companies can take many such steps in this situation so that the impact of this strictness in the rules can be minimized. IT companies can increase the recruitment of local people. They can focus on sub-contractors. The company can open NearShore delivery centers. However, in a report of Live Mint, experts have been quoted as saying that the future direction of Indian companies can also be decided by America's relationship with other countries. According to him, both the candidates contesting the US presidential election are aggressive about China. This will help the US maintain a supportive stance towards India in the region. However, Canada's recent stance and America's stance against Canada are complicating the situation. In such a situation, the situation will be clearer on what decisions the new president takes rather than the results.