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
“Indian equities came under sharp selling pressure as the Nifty slipped around 1.5% and the Sensex over 1%, reflecting a combination of hawkish RBI policy, elevated crude and persistent FII outflows. Brent near $104 raises imported inflation and margin concerns, while the rupee near Rs 96.8 adds another layer of pressure. The sell-off was broad-based, with metals, realty, energy, auto and pharma among the weakest, signalling de-risking rather than sector-specific weakness. IT remained relatively resilient ahead of TCS results, highlighting earnings visibility amid volatility. Gold and silver remained supported as investors sought diversification. Going ahead, volatility may persist; investors should stagger investments, favour quality earnings and balance equities with defensive assets until crude and foreign flows stabilise.”
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