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

“Indian equity markets traded largely flat on October 27, with benchmark indices registering marginal losses, while midcap and smallcap stocks demonstrated resilience. Weakness in IT stocks, alongside caution ahead of the US Federal Reserve’s policy decision, kept sentiment subdued. Brent crude hovering around $115 per barrel and the rupee trading near ?95 against the US dollar remain key concerns, as elevated energy costs could fuel inflation, widen the import bill and pressure corporate margins. Gold and silver are likely to remain sensitive to dollar movements, global yields and geopolitical developments. Going forward, easing crude prices, currency stability and stronger earnings visibility will be crucial for a sustained recovery. Investors should remain selective amid global uncertainty and approaching derivatives expiry.”

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