The highly anticipated Trump-Putin three-on-three meeting concluded in Alaska on Friday, with both leaders agreeing to hold the next round of talks in Moscow. Contrary to his earlier statement, U.S. President Donald Trump did not walk out of the meeting, signaling a step forward toward a potential ceasefire in the Russia-Ukraine conflict. Simultaneously, Indian Prime Minister Narendra Modi’s announcement of GST reforms during his Independence Day address may act as a domestic catalyst for Indian markets.
Market experts believe this meeting broke the ice in U.S.-Russia relations. Though no deal was finalized, both leaders spoke positively, indicating progress. Analysts expect this outcome to be well received by global markets, including Dalal Street. The announcement of GST reforms is also likely to boost investor sentiment in India.
Avinash Gorakshkar noted the absence of any new updates on Trump’s tariffs, keeping that concern alive. However, Anuj Gupta believes the Indian market has already priced in those risks. Dr. VK Vijayakumar recommends focusing on domestic consumption-driven sectors, while Gaurav Goel credits steady domestic institutional investment and a resilient, diversified economy for market stability. Still, experts caution that Nifty 50 may struggle to surpass the 24,800 resistance level.
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