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Below the Quote on Daily Market 29th Sept 2026 by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital

The market remains under pressure as yesterday’s sell-off has extended into a second session, with elevated crude, a weaker rupee and persistent foreign outflows keeping risk appetite subdued. Brent crude around $106 a barrel is particularly important as it raises India’s import bill and can reinforce inflationary pressures, while the rupee slipping past ?96 to the dollar adds another layer of macro risk. The weakness is also broad-based, with financials and mid- and small-caps facing selling pressure, indicating that investors are reducing risk rather than merely rotating between sectors. Going forward, the market’s direction will remain closely linked to crude prices, geopolitical developments and FII flows. In this environment, investors should prioritise earnings visibility, strong balance sheets and staggered accumulation over aggressive positioning.

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