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The Trump-Putin summit signals easing US-Russia relations, potentially benefiting India by reducing sanctions risk. While territorial disputes remain, the meeting s success lies in opening dialogue. India anticipates positive market impact from GST rationalization, outweighing geopolitical concerns. Despite US-Pakistan ties, India prioritizes its interests, hoping for eased tariffs amid evolving global dynamics.

As PM Narendra Modi plans GST structure changes by Diwali, Dalal Street sees potential winners across sectors like auto, financial, real estate, consumer, and cement stocks. The GST reforms aim to reduce retail prices. Two-wheelers and small cars may benefit. Cement sector could see revenue boost. Banks may gain from increased consumption. Over 40 stocks are identified as potential beneficiaries.

Shares of Bajaj Finance and Bajaj Housing Finance surged up to 7% on GST cut hopes and India’s sovereign credit rating upgrade. Lower consumer durables taxes and reduced borrowing costs are expected to boost lending, supporting broader financial sector gains ahead of Diwali.

L&T is reinforcing agility and tech-led diversification to secure its future. With substantial cash reserves, the company plans a Rs 1.5 lakh crore strategic capital expenditure over five years, targeting semiconductors, green hydrogen, data centers, and real estate. L&T aims to reshape its portfolio through strategic divestments and investments, focusing on growth and profitability.

Indian equities are set to open positively, fueled by short covering amid hopes of softened US tariffs following the Trump-Putin meeting. Anticipation of GST rate rationalization around Diwali is also boosting sentiment. However, gains may be capped by postponed India-US trade talks, while the market eyes the Nifty crossing the 24,800 resistance level.

Oil prices experienced a slight dip on Monday following the U.S. decision to hold off on further measures against Russia regarding the Ukraine war. Brent crude futures fell by 0.39% to $65.59 a barrel, while U.S. West Texas Intermediate crude decreased by 0.29% to $62.62 a barrel.

Gold prices saw a slight increase to $3,340.71 per ounce, after hitting a one-week low, as investors await the outcome of President Trump s meeting with Ukrainian and European leaders regarding a potential peace deal with Russia. The meeting s impact on geopolitical stability is being closely watched.

The dollar is stable as investors await a meeting between US President Donald Trump and Ukraine s Volodymyr Zelenskiy. They also anticipate the Federal Reserve s Jackson Hole symposium for insights on future policy. Markets have slightly reduced expectations of a large Federal Reserve rate cut next month.