US stock traders are anticipating that smallcap shares may benefit from lower taxes and tariff barriers under a Trump 2.0 administration.
"This volatility is going to last through the election. It's upside and downside volatility. It's still two- way," said Julian Emanuel, equity strategist at UBS. "Is the worst of what we've been calling a growth scareover?...We think so."
The market fell for the second consecutive session on Thursday with the Nifty hovering in the 6045 range. While, earnings from Larsen and Toubro are expected to be stressed.
Ryan Detrick, Chief Strategist at Schaeffer's Investment, told CNBC-TV18 that higher dollar is sending crude down, creating pressure on the already sliding energy stocks, and developing additional concern for the market.