US midterm results seen supporting oil and IT shares
In short
US midterm election results are being linked to oil and IT stocks. A Mint Markets summary said experts think a Trump loss may cool H-1B visa rules, Russian sanctions and Middle East tensions.
That could support Reliance, Indian Oil, TCS and Infosys.
What the reporting says
US midterm election results are being linked to buying interest in oil and IT shares, according to a Mint Markets summary. The reported view is that a Trump loss could cool H-1B visa rules, Russian sanctions and Middle East tensions.
Why it matters
US midterm election results are being cited by market watchers as a possible positive for oil and Indian IT shares, based on a Mint Markets summary. The argument is that a Trump loss may reduce pressure around H-1B visas, Russian sanctions and Middle East tensions.