How markets may react to Trump-Putin talks and Modi’s GST tax reform on Monday?
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The understanding reached between the US President Donald Trump and his Russian counterpart Vladimir Putin on Ukraine is expected to buoy markets when trading resumes on Monday. Adding to the optimism, Prime Minister Narendra Modi’s Independence Day announcement of major Goods and Services Tax (GST) reforms this Diwali could further boost investor sentiment, opine experts. Trump-Putin talks While Trump and Putin did not reach a deal to end Russia's war in Ukraine, Putin claimed he and Trump had reached an “understanding”. The close to three-hour meeting between the two heads in Alaska has not resulted in a ceasefire between the warring nations (Russia-Ukraine) but Trump called it a "very good meeting" though he said that there's no deal until there is a deal. "We had a very good meeting today, and I think a lot of points were negotiated on behalf of Ukraine”, he said. “There's no deal until there's a deal,” ...