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Below the Quote on Daily Market by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital

“Indian equities remained under pressure as Brent crude surged 1.4% to $115.47 per barrel amid renewed Middle East supply concerns, intensifying inflation and margin risks. The Nifty IT index fell over 3%, reflecting concerns around AI-led disruption, while FMCG and oil and gas stocks also weakened. Banks and autos offered relative resilience. Jio Platforms’ listing at Rs1,359, a 21.36% premium to its issue price of Rs 1,119, reflected strong investor appetite for the company, even as broader market sentiment remained cautious amid global uncertainties and elevated crude prices. Going forward, crude prices, foreign investor flows and earnings commentary will determine whether the market stabilises or extends its correction.”

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