Relief Rally ahead for Indian Markets?

Markets Overview

The meeting between the Presidents of the US and Russia has concluded. While there was no conclusive deal, President Trump announced that the US will not be applying additional tariffs to countries dealing with Russia. This could mean that India, at least for now, will not face further tariff pressures. The caveat, of course, is that such decisions are always subject to sudden reversals. Still, this announcement brought some relief to markets, which had been bracing for a negative outcome. While the meeting did not deliver a major breakthrough, the absence of fresh tariffs was enough to prevent further nervousness in the near term.

Latest Daily Byte

Today’s trading session on the 14th of August was calm and uneventful, as the market seemed unwilling to take any big steps before the upcoming three-day holiday. With a short four-day week and a long weekend ahead, traders chose to stay cautious.

Rebalance Update for the week