Markets Poised for a Strong Start

Markets are set for a strong start on Monday, with both global and domestic factors likely to lift investor sentiment. The twin triggers include Prime Minister Narendra Modi’s Independence Day announcement of GST reforms and the "understanding" reached between US President Donald Trump and Russian President Vladimir Putin.

The Alaska Meeting: A Step Towards Peace?

Trump and Putin held a close to three-hour meeting in Alaska, which, even though, did not produce a ceasefire in the Russia-Ukraine conflict, ended with what Putin described as an "understanding". Trump called it a "very good meeting" but stressed that "there's no deal until there's a deal."

GST Reforms: A Boost for the Indian Economy

On the domestic front, markets are expected to react positively to PM Modi’s pledge of rate cuts under GST 2.0 by Diwali. Speaking from the Red Fort on Independence Day, Modi announced that GST rates will be lowered on everyday-use goods as part of reforms to the eight-year-old tax system.

Expert Opinions on Market Reaction

Experts believe Monday’s session will reflect optimism from both global and domestic developments. "The Nifty is forming a strong base," said Santosh Meena, Head of Research at Swastika Investmart, highlighting potential resistance and support levels.