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Mint
8 hours ago
- Business
- Mint
Trump-Zelensky meeting: What does it mean for Trump's tariffs on India? EXPLAINED
Trump-Zelensky meeting: Indian indices Sensex and Nifty started on a positive note on Tuesday, building on the previous session's gains, as investor sentiment was boosted by hopes of goods and services tax (GST) reforms and signs of movement toward a Russia-Ukraine peace agreement. At 9:49 am, the BSE Sensex was up 88 points, or 0.10 per cent, at 81,358, while the NSE Nifty 50 inched higher by 12 points, or 0.06 per cent, to 24,889. In the prior session on Monday, both indices had advanced nearly 1 per cent. Ukrainian President Volodymyr Zelensky said on Monday, after discussions at the White House, that he is open to holding a direct meeting with Russian leader Vladimir Putin in an effort to bring an end to the invasion of Ukraine. "I confirmed -- and all European leaders supported me -- that we are ready for a bilateral meeting with Putin," Zelensky told Ukrainian media outside the White House following talks with several European leaders and Trump. "Two bilateral meetings — the Trump-Putin meeting and the Trump-Zelensky meeting- have set the ball rolling, and the US administration is now gearing up for the trilateral meeting, where the Presidents of Russia and Ukraine will be meeting in the presence of US President Donald Trump. So, in such a positive development in ending the Russia-Ukraine war, the Trump administration won't take any such decision that Russia may not like. The Trump administration is well aware that Vladimir Putin may retaliate if Trump continues pressuring India to stop buying oil from Russia, or face 100% tariffs. So, chances are high that Donald Trump may extend the August 27, 2025, deadline," said Anuj Gupta, Director at Ya Wealth. According to VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, the 'reasonable chance of ending the war' is likely to positively impact the Indian stock market. 'The White House talks indicate that there is ' reasonable chance of ending the war'. And, if this happens, the secondary tariff on India for buying oil from Russia would become irrelevant. This may turn out to ba a positive from the market perspective. But it would be premature to expect positive responses from the Trump administration since the India-US relations are strained and India has been making tactical initiatives to improve relations with China even while reinforcing the already strong relations with Russia,' Vijaykumar said. On the other hand, Anuj Gupta of Ya Wealth further highlighted that this may further trigger buying in the global markets, including Indian stock market. "In a broader perspective, we can say that the Russia-Ukraine peace talks have moved further. Zelensky and Putin are willing to end the war, which may trigger further buying in the global markets, including the indian stock market. This will impact positive on Indian Market, later or sooner Trump has to abolished the tariffs on India, as Russia may negotiate with trump against the end of the war," Gupta added.


Mint
9 hours ago
- Business
- Mint
Trump-Zelenskyy meeting: What does it mean for Trump's tariffs on India? EXPLAINED
Trump-Zelenskyy meeting: Indian indices Sensex and Nifty started on a positive note on Tuesday, building on the previous session's gains, as investor sentiment was boosted by hopes of goods and services tax (GST) reforms and signs of movement toward a Russia-Ukraine peace agreement. At 9:49 am, the BSE Sensex was up 88 points, or 0.10 per cent, at 81,358, while the NSE Nifty 50 inched higher by 12 points, or 0.06 per cent, to 24,889. In the prior session on Monday, both indices had advanced nearly 1 per cent. Ukrainian President Volodymyr Zelensky said on Monday, after discussions at the White House, that he is open to holding a direct meeting with Russian leader Vladimir Putin in an effort to bring an end to the invasion of Ukraine. "I confirmed -- and all European leaders supported me -- that we are ready for a bilateral meeting with Putin," Zelensky told Ukrainian media outside the White House following talks with several European leaders and Trump. "Two bilateral meetings — the Trump-Putin meeting and the Trump-Zelensky meeting- have set the ball rolling, and the US administration is now gearing up for the trilateral meeting, where the Presidents of Russia and Ukraine will be meeting in the presence of US President Donald Trump. So, in such a positive development in ending the Russia-Ukraine war, the Trump administration won't take any such decision that Russia may not like. The Trump administration is well aware that Vladimir Putin may retaliate if Trump continues pressuring India to stop buying oil from Russia, or face 100% tariffs. So, chances are high that Donald Trump may extend the August 27, 2025, deadline," said Anuj Gupta, Director at Ya Wealth. According to VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, the 'reasonable chance of ending the war' is likely to positively impact the Indian stock market. 'The White House talks indicate that there is ' reasonable chance of ending the war'. And, if this happens, the secondary tariff on India for buying oil from Russia would become irrelevant. This may turn out to ba a positive from the market perspective. But it would be premature to expect positive responses from the Trump administration since the India-US relations are strained and India has been making tactical initiatives to improve relations with China even while reinforcing the already strong relations with Russia,' Vijaykumar said. On the other hand, Anuj Gupta of Ya Wealth further highlighted that this may further trigger buying in the global markets, including Indian stock market. "In a broader perspective, we can say that the Russia-Ukraine peace talks have moved further. Zelensky and Putin are willing to end the war, which may trigger further buying in the global markets, including the indian stock market. This will impact positive on Indian Market, later or sooner Trump has to abolished the tariffs on India, as Russia may negotiate with trump against the end of the war," Gupta added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Mint
14 hours ago
- Business
- Mint
Trump-Zelensky meeting: Key takeaways that Indian stock market investors MUST know
The high-stakes meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy in the Oval Office has sent fresh signals to global markets, including India, about possible progress in ending Russia's prolonged war in Ukraine. Trump indicated that the US may support 'security guarantees' for Ukraine, though he ruled out NATO membership for the country — a move seen as a potential compromise to appease Russia. European leaders, too, voiced optimism, with French President Emmanuel Macron and German Chancellor Friedrich Merz calling it an 'important step' toward peace, while stressing that much work lies ahead. Market watchers say this development could have a bearing on global risk sentiment. Easing tensions between Russia and Ukraine may stabilize commodity prices, particularly crude oil and wheat, both of which surged after the war began. For Indian investors, this could translate into relief on inflation, a stronger rupee, and potential momentum in equities. Pointing towards the outcome of the Trump-Zelensky meeting, Anuj Gupta, Director at Ya Wealth, said, 'If we look at the key takeaways from the most-awaited Trump-Zelensky meeting, Donald Trump has said the US could back security guarantees for Ukraine. However, it is still not clear how to prevent further Russian aggression in the future. One thing that would keep Russia satisfied, Trump has ruled out allowing Ukraine to join NATO. He did, however, express support for security guarantees for Ukraine, which is expected to please Zelensky.' 'So, in a broader perspective, we can say that the Russia-Ukraine peace talks have moved further. Zelensky and Putin are willing to end the war, which may trigger further buying in the global markets, including the Indian stock market,' he added. For now, investors will closely watch the next steps — including a possible Trump-brokered meeting between Zelenskyy and Russian President Vladimir Putin. A breakthrough could fuel a global risk-on rally, benefiting Indian equities further. Read Trump Zelensky Meeting LIVE updates here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
2 days ago
- Business
- Mint
Trump-Putin meeting: Will US president extend tariff deadline ending on 27 August 2025?
Trump-Putin meeting: U.S. President Donald Trump and Russian President Vladimir Putin met for roughly two and a half hours on Friday during a summit in Alaska. However, the two leaders failed to reach any agreements on how to end Russia-Ukraine war. Following their private discussions with senior advisers on resolving the war in Ukraine, the two leaders held a joint press conference. Trump later acknowledged that no agreement was reached to end the conflict, while Putin suggested they had reached 'an understanding.' Both leaders refrained from offering concrete details but spoke highly of one another during their remarks. Experts believe that as both leaders are talking positively, more rounds of talk may lead to further progress in the discussion to reach a conclusion. 'After the much-awaited Trump-Putin meeting, both leaders are talking positively, which means the ice has been broken, and some more rounds of talks may lead to further progress in accelerating the geopolitical pace, especially in the Baltic region. So, I am expecting an extension in the deadline for Trump's tariff on India, as he did in the case of China ahead of the meeting,' said Anuj Gupta, Director at Ya Wealth. According to market analysts, the Indian stock market isn't likely to react sharply to Friday's Trump-Putin meeting outcome as the market wasn't expecting a breakthrough in the first meeting itself. 'After progress with no deal as an outcome from the Trump-Putin meeting in Alaska, focus has now shifted to the Trump-Zelensky meeting. However, the Indian market may not react sharply to this Trump-Putin meeting outcome, as the market was not expecting a breakthrough in the first meeting. So, there is no surprise element for the global markets, which includes Dalal Street,' said Avinash Gorakshkar, a SEBI-registered fundamental analyst. On Thursday, Indian benchmarks snapped its six-week losing streak, finishing the holiday-shortened week with gains of nearly 1 per cent. The week began on a positive note, though the pace slowed in later sessions due to mixed cues. In the end, benchmark indices moved higher, with the Nifty settling at 24,631.30 and the Sensex at 80,597.66. ' Global cues remain positive due to softer US inflation data and a fall in the US 10-year bond yield, reflecting conviction for a Fed rate cut in the September policy meeting. In the near term, stock-specific movements are likely to persist with attention toward domestic consumption-led sectors to beat volatility. The geopolitical developments, particularly the upcoming Trump-Putin meeting, could act as a catalyst for near-term market sentiment,' said Vinod Nair, Head of Research, Geojit Investments Limited. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
3 days ago
- Business
- Mint
GST reforms, Putin-Trump meeting to US Fed rate cut: Top five factors that may dictate Indian stock market next week
Indian stock market next week: The Indian stock market finally snapped a six-week losing streak as extreme oversold conditions and supportive global cues lifted investor sentiment. The Nifty and Sensex ended the week with gains of around 1%, though momentum remained muted due to persistent foreign outflows. Foreign Institutional Investors (FIIs) continued their aggressive selling, offloading nearly ₹ 10,000 crore in the cash market, while Domestic Institutional Investors (DIIs) absorbed the pressure with strong buying worth ₹ 19,000 crore. Broader markets staged a recovery across sectors, led by pharma and auto stocks, though FMCG lagged. According to stock market experts, various domestic and global market triggers are expected to dictate Dalal Street movement. However, GST reforms announced by the Indian Prime Minister Narendra Modi in his Independence Day speech and the 'progress but no deal' outcome from the Trump-Putin meeting in Alaska are expected to play a dominant role during the first few sessions. However, they maintained that US Fed minutes, renewed fear of Trump's tariffs on India, favourable monsoon season in the domestic market, and Indian inflation hitting a record low are some other triggers, which can't be ignored. 1] Trump-Putin meeting outcome: Speaking on the result of the Putin-Trump meeting, Avinash Gorakshkar, a SEBI-registered fundamental analyst, said, "The most-awaited Trump-Putin meeting has ended with progress without any deal. Both leaders agreed to meet for the next round of talks, which is a good sign of ending the Russia-Ukraine war. Ahead of the meeting, the US President had vowed to walk out of the meeting if he didn't like Russian President Vladimir Putin's line of approach. However, after the end of the Trump-Putin meeting, both leaders talked positively, which may be a positive trigger for the global markets, including the Indian stock market." 2] GST reforms: Anuj Gupta, Director at Ya Wealth, said, "Bulls are expected to cheer PM Modi's announcement of GST reforms in his Independence Day speech. PM Modi has hinted at next-generation GST reforms by Diwali 2025, which is expected to boost consumption in India because GST is a consumption-oriented tax levied across the nation. As per the reports, the Government of India (GoI) has proposed shifting nearly 99% goods from the 12% GST slab to 5% and the same number of goods from the 28% GST slab to 18%. So the market may try to discount the GST reform, and we may see strong buying in consumption-oriented segments like FMCG, consumer durables, agriculture, etc." 3] US Fed minutes: Anuj Gupta said the US Fed rate cut will be in focus next week as the Central Bank of India is releasing the US Fed minutes on Wednesday next week. In the US Fed minutes, if the US Federal Reserve drops any hint of a rate cut, the market is expected to cheer as FPIs' outflow may get paused after this announcement. The US Fed rate cut decision is expected to put pressure on the US Treasury Yields and the US Dollar, and hence FIIs may fish out money from these assets and look at the emerging equity market, including Dalal Street. However, with no rate cut hint, strong selling from the FIIs can lead to a further rise in the US bonds and the US Dollar against major global currencies. 4] Trump's tariffs on India: "After progress with no deal as an outcome from the Trump-Putin meeting in Alaska, focus has now shifted to the Trump-Zelensky meeting. However, the Indian market may not react sharply to this Trump-Putin meeting outcome, as the market was not expecting a breakthrough in the first meeting. So, there is no surprise element for the global markets, which includes Dalal Street," said Avinash Gorakshkar. On why renewed fear of Trump's tariffs on India may not significantly impact the current scenario, Gaurav Goel, Founder & Director at Fynocrat Technologies, said, "Our growth does not rely on any single export market. Domestic consumption, services, manufacturing, and technology create a broad base that cannot be easily shaken by a single policy decision abroad. Even if the full set of proposed tariffs comes into effect, experts estimate the impact on India's GDP to be less than 0.2 per cent. This is a reminder of how small this challenge is in our overall economy." 5] Positive macro factors in India: Highlighting the strong and positive macro factors that may play a significant role on Dalal Street, Santosh Meena, Head of Research at Swastika Investmart, said, "The positive domestic factors — easing interest rate, inflation at record low and favourable monsoon, etc.- are expected to play a major role in the Indian stock market next week. These macro factors, coupled with the GST reforms, may trigger a bullish reversal in Indian equities, even as tariff-related headwinds persist globally." Speaking on the outlook of the Nifty 50 today, Santosh Meena said, "From a technical standpoint, the Nifty 50 index has established a strong base at the 24,350 level, forming a bullish engulfing candlestick pattern on the weekly chart. The immediate resistance lies at the 20 and 50-day moving averages (DMAs) clustered around 24,700-24,800. A decisive break above this level could trigger a short-covering rally towards 24,950, 25,080, and 25,225. Immediate support is at the 100-DMA of 24,575, with the crucial support level remaining at 24,350." "The Bank Nifty index has also found a strong base at its 100-DMA of 55,000. The immediate hurdle for the banking index is the 20 and 50-DMAs around 55,800. A move above this level could propel it towards 56,400, 57,000, and 57,350. Fresh weakness is only anticipated if the index falls below the 55,000 mark," Santosh Meena of Swastika Investmart said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.