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As Donald Trump inches closer to victory in the US presidential election, Bitcoin prices surged past $75,000, signaling a risk-on sentiment in the market. This surge coincided with a correction in the Indian stock market, with the MSCI India ETF dropping over 8%.
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Donald Trump is the 47th President of the United States. He won the 2024 election against Kamala Harris. Over 74 million votes were cast. This election was significant for India as both candidates had Indian connections. The article lists all the previous presidents of the United States.
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It is not as if everyone will get impacted because there will be shifting channels, because he wants to put more tariffs towards China and some other countries, so some other countries might benefit. But overall, it has an impact on companies which are exposed to global trade, while higher interest rates might help financial companies here, which are undergoing NIM compression. So, these are some of the thoughts initially.
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