Trump Putin Talk
Although Trump and Putin have not reached a deal to end the Russian war in Ukraine, Putin claimed that he and Trump had reached a “concept.”
The almost three-hour meeting between the two heads in Alaska did not result in a ceasefire between the fighting countries (Russia-Ukraine), but Trump called it a “very good meeting”, although he said there is no deal until there is a deal.
“We had a very good meeting today and I think many points have been negotiated on behalf of Ukraine,” he said. “There is no deal until there is a deal,” and stated that he is planning to speak with Ukrainian President Volodymyr Zenskyy and European leaders soon.
Putin, on the other hand, did not warn Europe from ‘destroying progress’.
PM Modi announces GST rate reductions
On Domestic Front, announced tariff reductions from PM Modi that must be rolled out by Diwali in the GST 2.0. Speaking from the red fort on Independence Day, Modi said that GST rates will be reduced for goods for daily use as part of reforms of the eight-year-old tax regime. Finance Minister Nirmala Sitharaman, PTI, later reported that the government provided two slabs-plus special rates for selected articles, replacing the current four blacks of 5%, 18%, 18%, 18%, 18%, 12%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%, 18%.
Trump-Putin Encounter Impact on the stock markets
Kranthi Bathini, director-equity strategy at Wealthmills Securities said that the meeting between Trump and Putin is a positive development and a progress of the earlier logjam and the global stock markets will take it well, even without specific results. These are complex problems and cannot be solved in one meeting. The agreement to meet again with calm markets, “said Bathini.
Anuj Gupta, director of YA Wealth Global Research, reflects a similar sentiment and further emphasizes Trump’s explanation that he would stop for the imposition of rates for China for buying Russian oil. This is a progress, said Gupta, adding that he did not mention India, another important buyer of Russian crude oil and has been beaten with a total of 50% rate together with the fine for import from Russia.
Sunny Agrawal, Head – Retail Fundamental Desk at SBI Securities did not mention negative development as a positive trigger for the market. “Trump’s statement that” he does not have to think of retaliation rates for countries currently buy Russian oil, but perhaps “in two or three weeks” must now at least offer a temporary lighting to countries such as India “. It seems that an extra rate of 25% on India will start on August 27 for importing Rawburator, he has taken on a backburator.
In the meantime, Christopher Wood of Jefferies’ Global Head of Equity Strategy said, which the Trump government imposes a rate of 50% on Indian input, is no reason to sell Indian shares. Instead, it is a reason to buy them, because “it is only a matter of time before Trump withdraws the attitude, which is not in the interest of America.”
“It is worth noting that the track record makes it clear that it pays to stand against Donald,” said Wood in his last ‘Greed & Fear’ report.
GST -Impact on the stock markets
Agrawal from SBI Securities said that India’s plan to move to 2 plate structure (5% and 18%) in combination with another 40% plate for sin products, good for consumption. “Few categories such as large TV, AC, cement, cars, etc. are probably cheaper because they are moved from 28% category to 18%. Moreover, the reduction in the GST rates on insurance products will also relieve the burden for consumers. Cheaper cement prices can have a multiplier effect on different sectors, Roads/highways/highways/highways/highways/highways/highways/highways/highways/highways/highways/highways/highways of production production, is that.
Although the markets will take the news positively, its implementation should be fast, otherwise the sale of the festive season could be postponed pending the reduced prices, so that the demand has an influence in the short term.
Gupta and Bathini also praised the announcement and said that every relaxation of GST will stimulate consumption in this festival season and will help with the overall growth of the economy. They said that the consumption theme such as FMCG, cars could now be in focus.
Indian shares broke a loss of six weeks that ended with weekly profit of more than 1%.
Mark expert Santosh Meena said that the Indian markets could respond to GST and the “productive” Trump-Putin meeting when they resume trade on Monday.
The head of research at Swastika Investmart decodes the handy graph that emphasizes the formation of a strong base at the level of 24,350, which he said is a bullish flushing candlestick pattern on the weekly map. “The immediate resistance is on the 20- and 50-day advanced averages (DMAs) clustered around 24,700-24,800. A decisive break above this level can activate a short-covered rally to 24,950, 25,080, and 25,225. Immediate support is on the 100-da-Geschapthe-Datings, with the crucial, with the crucial, with the crucial, with the crucial, with the crucial, with the crucial, with the crucial, with the crucial,” the crucial, “the crucial,” the crucial. said Meena.
However, Anand James, main market strategist at Geojit Investments expects more disadvantage of here. “Directional moving indicators are still in favor of more disadvantages with 24,000 and 23,560 as potential falling support by attracting lower prices,” he said.
“That said, the last week saw various attempts to push higher, which gave us a turning pile. Apparently none of those movements succeeded in successfully closing above the 24670-720 band, the near-term congestion resistance, they managed to bring parabolic sar under the high number of nifty, the head of the head of the head of the head of the head of the roofs of the roofs of the roofs of the roofs of the roofs of the head of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the head of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the roofs of the number of niftyys, the head of the roofs of the number of nifty-niftys. 500 operations, the rule of the upper number of Nifty 500 operations, the root of the price that has closed the highest number of Nifty 500 Constitations since 24 July.
((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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