Quote on Daily Market by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital
Below the Quote on Daily Market by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital
“Indian equities witnessed a volatile session today, with the Sensex and Nifty staging a recovery after the previous session’s sharp sell-off. The benchmark indices gained around 1%, supported by buying across FMCG, auto, banking, financial services, PSU banks and oil & gas, while IT, pharma and metals remained under pressure. Elevated crude prices, higher bond yields, a weaker rupee and continued FII selling remain key concerns for investors. Going ahead, volatility is likely to persist, with global cues, crude prices, currency movements and expectations around the US Fed’s policy trajectory likely to influence market direction.”
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Nifty, Sensex see nearly 2 pc gain amid renewed FII buying, easing bond yields
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