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Ambiguity over US election result will keep market on tenterhooks, say experts

It may be days before the US presidential election outcome is known and the uncertainty is likely to keep investors away from betting on riskier equities.

November 04, 2020 / 06:49 PM IST

The uncertainty over the result of the US presidential election, which is far closer than predicted, will likely keep the market volatile for some time but the focus will eventually shift to local issues, experts have said.

As the outcome is not clear at the moment, the tight race may keep investors away from riskier equities.

"As far as the Indian market is concerned, it may initially react and follow the pattern of the US and other global markets post US elections," said Rusmik Oza, Executive Vice President and Head of Fundamental Research-PCG at Kotak Securities.

"As policy changes may take time to get implemented in the US, we expect the Indian market to get decoupled and come back to local issues, earnings and valuations from early 2021."