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

“Indian equities are witnessing some profit-taking after the sharp rebound of the previous two sessions, with the Sensex and Nifty declining amid caution ahead of the RBI policy decision. The 25 bps repo-rate hike to 5.50%, alongside the shift towards calibrated tightening, reflects growing concerns around inflation, elevated crude prices and the external environment. Selling remains broad-based, while Titan’s weak jewellery growth and pressure in rate-sensitive sectors have added to the cautious tone. However, the outlook is not uniformly negative, with corporate earnings expectations remaining supportive. Going forward, investors should focus on earnings visibility and balance-sheet strength, favoring quality large caps and selectively accumulating on meaningful corrections rather than chasing short-term rebounds.”

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