Quote on Markets by Mr. Vikram Kasat - Chief Business Officer - Advisory and Dealing at PL Capital
Below the Quote on Markets by Mr. Vikram Kasat - Chief Business Officer - Advisory and Dealing at PL Capital
“Today’s market sell-off reflects a combination of rising geopolitical risks, crude oil nearing the $100/barrel mark, rupee weakness and renewed FII selling. The Sensex plunged over 800 points, while the Nifty slipped below 23,450, with IT leading the decline and banks, auto, FMCG and realty also under pressure. Metals and select oil & gas stocks offered some resilience. Going ahead, volatility is likely to remain elevated until there is clarity on the Middle East situation and crude prices. Investors should remain selective, focus on quality large-caps and avoid aggressive positioning until sentiment stabilises”
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