US Election Impact: At this time the world's eyes are on the results of the US presidential election. While the counting of votes is going on. Now the news has come that Trump is going to become the President. If Fox News is to be believed, Donald Trump has got the majority in the US election results. He is going to become the 47th President. However, this information has not been officially announced yet.

At the same time, research notes of brokerage houses have also started coming on the election results. JM Financial's research note states that...

What will happen to IT companies? If Trump wins, the US dollar will strengthen. In such a situation, Indian IT companies will get direct benefit. The dollar will strengthen due to victory, IT margins will improve. But strictness regarding visa can increase the cost of IT. (US Election Results Impact: These things can become cheaper in India as soon as Donald Trump becomes the President!) The possibility of reduction in corporate tax in the US will increase. Therefore, US companies will increase expenditure due to reduction in tax. Indian IT companies will get direct benefit. Trump's emphasis will be on increasing growth, reducing rates. Increasing growth in the US is good for IT. On Trump's victory, Elara Capital says that it is good for the dollar, tech companies will benefit. Money can flow out of emerging markets. Trump's victory is negative for crude. In such a situation, there is a possibility of a sharp fall in crude prices. It can remain neutral for base metal, industrial, debt.