Economy
US Midterm Elections and Market Implications for India Analyzed by Emkay
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THE BRIEF
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Emkay Global Financial Services expects the November 2026 US midterm elections to end Republican control of both chambers of Congress.
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The brokerage noted that while a Democratic-controlled Congress could scrutinize tariff and immigration policies, executive powers would likely remain largely intact.
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Emkay cautioned that a potential post-election escalation in the Iran conflict could drive crude oil prices higher and pressure India's balance of payments and currency.