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

“Indian equity markets remained largely range-bound, with the BSE Sensex closing slightly lower at 80,267 and the NSE Nifty50 finishing at 24,611. Sectoral performance was mixed—banking and metals outperformed, buoyed by robust corporate earnings and positive domestic cues, while IT and consumer discretionary stocks underperformed amid global demand concerns and profit-booking. Market volatility was elevated, with indices oscillating between gains and losses as participants adopted a wait-and-watch approach ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting scheduled for tomorrow.

 In commodities, silver stood out, reaching a record Rs.1.51 lakh/kg in India. Globally, it gained 18.2% over the month, supported by strong industrial demand, a weaker dollar, and safe-haven buying. With year-to-date returns of 37% on MCX, Comex silver appears poised to test $50/oz in the near term.”

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