IGI Logo

Below the Perspective on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital

"The Indian stock market opened on a positive note during the Muhurat trading session, supported by upbeat global cues. Asian markets traded higher, while a strong overnight rally on Wall Street lifted investor sentiment.  Extending its winning streak for the fourth consecutive session, Nifty closed higher in Samvat 2082’s first session at 25,868.60, up 25.45 points or 0.10%. The Sensex also ended in the green, gaining 62.97 points or 0.07% to settle at 84,426.34.  In the commodities market, however, precious metals witnessed mild profit-booking. On the MCX, gold prices fell by Rs 271 or 0.21% to close at Rs 1,28,000 per 10 grams, while silver slipped Rs 327 or 0.22% to Rs 1,50,000 per kg.  Market participants largely focused on large-cap stocks, with selective buying seen in banking, IT, and auto counters. However, some profit-booking in metals and FMCG capped overall gains. Broader market participation remained healthy, indicating a balanced undertone ahead of the new trading year. Looking ahead, the long-term outlook for Indian equities remains constructive. In near term investors will keep an eye on upcoming earnings announcements, global interest rate trends, and crude oil price movements." 

Above views are of the author and not of the website kindly read disclaimer