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Below the Quote on Daily Market 13th November 2026 by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital

“The current correction suggests that markets are increasingly uncomfortable with the combination of elevated inflation, currency depreciation and rising crude prices. While global uncertainties are adding to the cautious sentiment, the bigger concern is the potential second-order impact of higher energy prices on corporate margins, consumption and India's current account deficit. With inflation moving beyond the RBI's comfort band, expectations of monetary easing could also be pushed further out, limiting the scope for a sustained market recovery. We believe this phase calls for greater selectivity rather than a broad-based defensive approach. Banking, capital goods and consumption-oriented stocks will need to demonstrate earnings resilience to attract fresh buying. Going forward, the trajectory of crude prices, currency stability and foreign investor flows will be critical in determining whether this correction remains a near-term consolidation or develops into a deeper earnings-led adjustment.”

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