Perspective On markets by Mr. Vikram Kasat, Head - Advisory, PL Capital

Below the Perspective On markets by Mr. Vikram Kasat, Head - Advisory, PL Capital
“Markets started the week on a firm footing, lifted by steady foreign inflows and optimism around an impending India-U.S. trade deal. Gains were broad-based, with small- and mid-caps outperforming and most sectors ending in the green. Strength in Asian currencies and easing global trade tensions added to the positive sentiment, even as activity remained muted in some global markets due to holidays.
The uptrend was tempered slightly by weakness in select banking stocks—Kotak Mahindra Bank fell sharply after a rise in provisions weighed on its quarterly results, despite healthy loan growth. Meanwhile, falling crude prices below key support levels following the OPEC+ output decision could offer relief on the inflation front, though it also hints at softer global demand.
With Nifty closing above 24,400 and Sensex nearing 81,000, momentum remains strong, backed by improving risk appetite and sustained FPI participation.”
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