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Below perspective on markets by Mr. Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services

“All markets ended the week with 0-0.5% gains as market saw consolidation after a strong upmove in the US markets. Broader markets in India continued to rally with risk on and cooling off of the DAX and the 10yr T bills yield. Oil prices moved higher in the 2H of the week on speculation that there might be another Saudi production cut.

Geopolitical tensions continue. However, there is increasing chatter of peace talks between Hamas and Israel and global leaders, including China pushing for calls of cease fire.

Near term, there does not seem any material concerns for the Indian market with 19800 being the resistance zone, which is the market is trying to breach for the past two sessions.”

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