From Wall Street to D-Street: What history suggests for S&P 500 returns, impact on India stock market, Sensex, Nifty

Emkay expects the 2026 US midterms to have limited direct impact on US-India relations, with trade and immigration frictions likely to persist. For Indian markets, oil, the dollar, and US bond yields matter more; renewed tensions with Iran could lift oil prices and pressure the rupee and equities.