Quick Guide to Today: 1. US Presidential results may take time , especially is the margin is very tight. 2. Expect lawsuits, counter claims and recounting in a few districts. 3. US Senate and US House of Reps majorities will be clear within the next few hours so those will give us an idea of how the White House incumbent will be constrained or be enabled to run their Policy Agenda. 4. There are different Policy outcomes based on who wins the White House today. 5. However, the on ground Policy outcome will start taking shape post the new President's inauguration on January 20th . 6. Markets are reacting and will react much ahead of January 20th . 7. Key Policy issues will be around Immigration , US isolationism/protectionism/tariffs , US fiscal deficit and Debt levels, Taxation , Regulation , Health insurance , Defence ties with allies and ability to contain/ stop armed conflicts in Ukraine and the Middle East . 8. Emerging Markets including India will see an impact through tariffs , commodity prices , portfolio flows . We will analyse the policies once there is clarity on the White House Winner. https://t.co/ntXGWRqTIZ.