Quote on Daily Market by Vikram Kasat - Chief Business Officer - Advisory and Dealing at PL Capital
Below the Quote on Daily Market by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital
“The recovery in Indian equities, with the Sensex gaining around 1.14% and the Nifty rising 1.03%, reflects renewed buying interest in banking and FMCG stocks. However, the sustainability of this rebound will depend on whether improving sentiment translates into broader earnings-led participation. Brent crude at around $114 per barrel remains a key macroeconomic risk, potentially widening the current account deficit, intensifying imported inflation and limiting the rupee’s recovery, currently around Rs 95.23 against the dollar. Although the US Federal Reserve’s policy rate remains at 3.75–4%, global monetary uncertainty warrants caution. Investors should prioritise companies with strong balance sheets, pricing power and earnings visibility, while avoiding aggressive positioning until oil prices and foreign fund flows stabilise.”
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