Quote on Pre - Markets by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)
Below the Quote on Pre - Markets by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)
“Today’s trading session was marked by a period of consolidation following the strong rise seen on Monday, with major indices being subjected to increased volatility levels. Even as the Sensex held its ground fairly well, the Nifty index faced pressure owing to the profit booking by investors in large-cap stocks in sectors like financial services and IT along with apprehensions surrounding the newly introduced closing auction system. While broader markets showed some strength on the back of positive earnings growth momentum, the high crude oil levels limited the upside. Looking ahead, market trends would depend on the progress of the ongoing earnings season and other factors such as crude oil levels and international macro developments.”
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