Markets poised for fresh all-time highs as investors cheer Biden win

Experts say the markets could see some turbulence if President Donald Trump refuses to concede defeat

Investors are likely to cheer the outcome of the US elections with Democrat Joe Biden winning the US Presidency, putting an end to months of uncertainty over who would run the White House.  Analysts expect the US dollar to weaken, oil prices to moderate, and interest rates to remain low under the Biden administration, providing a tailwind for domestic equities. Many are optimistic that President-elect Biden’s experience in handling international affairs under the Obama administration may help repair relations with China and boost global trade.

On Friday, the benchmark Sensex ended at 41,893, just 52 points shy of a new all-time