Geopolitics Alpha

US midterm election results: What Trump & Republicans' loss means for India

Published . Updated .

Key takeaways

  • Exposed: INDA, HDB, INFY, RDY, MMYT
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHAUS midterm election results: WhatTrump & Republicans' loss meansfor IndiaGEOPOLITICS ALPHA

This report is about India.

Directly affected

  • No company is named in this report.

Indirectly affected

  • INDA iShares MSCI India ETF-3.0% 18d

    iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”).

  • HDB HDFC Bank-3.0% 30d

    HDFC Bank (commercial banks) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares.

  • INFY Infosys-3.3% 6d

    Infosys (computer programming services) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares.

  • RDY Dr. Reddy's Laboratories

    Dr. Reddy's Laboratories (pharmaceutical preparations) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares.

  • MMYT MakeMyTrip

    MakeMyTrip (transportation services) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
INDA-3.89%-1.98%baseafter closeafter closeafter closeafter close
HDB-6.45%-3.62%baseafter closeafter closeafter closeafter close
INFY+1.42%+5.20%baseafter closeafter closeafter closeafter close
RDY-1.08%-0.94%baseafter closeafter closeafter closeafter close
MMYT-6.93%-6.44%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

US midterm election results: What Trump & Republicans' loss means for India The Economic Times

Source: The Economic Times

The price since 4 Nov 2026: Ishares Tr (INDA) versus the S&P 500

CompanyWhenMoveStatus
Hdfc Bank (HDB)three days earlier-3.62%final price
Hdfc Bank (HDB)five days earlier-6.45%final price
Ishares Tr (INDA)three days earlier-1.98%final price
Ishares Tr (INDA)five days earlier-3.89%final price
Infosys (INFY)three days earlier+5.20%final price
Infosys (INFY)five days earlier+1.42%final price
MakeMyTrip (MMYT)three days earlier-6.44%final price
MakeMyTrip (MMYT)five days earlier-6.93%final price
Dr Reddys Laboratories (RDY)three days earlier-0.94%final price
Dr Reddys Laboratories (RDY)five days earlier-1.08%final price

Who gains and who loses around Ishares Tr (INDA)

Companies mentioned with this story

  • INDA Ishares Tr

    In “US midterm election results: What Trump & Republicans' loss means for India,” Ishares Tr (INDA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”)

  • HDB Hdfc Bank

    In “US midterm election results: What Trump & Republicans' loss means for India,” Hdfc Bank (HDB) is linked, with no stored direction, medium confidence. Reason on file: HDFC Bank (commercial banks) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares

  • INFY Infosys

    Infosys (INFY) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “US midterm election results: What Trump & Republicans' loss means for India.” Reason on file: Infosys (computer programming services) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares

  • RDY Dr Reddys Laboratories

    In “US midterm election results: What Trump & Republicans' loss means for India,” Dr Reddys Laboratories (RDY) is linked, with no stored direction, medium confidence. Reason on file: Dr. Reddy's Laboratories (pharmaceutical preparations) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares

  • MMYT MakeMyTrip

    For “US midterm election results: What Trump & Republicans' loss means for India,” MakeMyTrip (MMYT) is linked, with no stored direction, medium confidence. Reason on file: MakeMyTrip (transportation services) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares

Ishares Tr (INDA)

Ishares Tr (INDA) is the company in “US midterm election results: What Trump & Republicans' loss means for India,” the 4 Nov 2026 this story story.

Ishares Tr (INDA) is on the page because iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”)

A second company, Hdfc Bank (HDB), is listed for a different reason: HDFC Bank (commercial banks) is one of the largest India-based companies traded in the US, so news about India (“india”) reaches its shares

Price levels for Ishares Tr (INDA)

HDB traded between 21.36 and 24.00 across 20 sessions. The latest close on file is 22.70. INDA traded between 45.35 and 48.53 across 15 sessions. The latest close on file is 46.04. INFY traded between 10.12 and 10.86 across 4 sessions. The latest close on file is 10.73.

What the saved facts support for Ishares Tr (INDA)

40 out of 100

“US midterm election results: What Trump & Republicans' loss means for India” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.