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

“Indian equities remained under pressure with the Sensex falling 430.93 points (0.59%) to 72,818.46 and the Nifty declining 198 points (0.87%) to 22,489.65 by 3 PM. The sharper 2.54% and 3.45% declines in midcap and smallcap indices indicate broad-based risk aversion. Brent crude nearing $114 per barrel amid Middle East tensions is intensifying inflation risks, while the rupee weakened towards Rs 95.15 per dollar. Gold fell Rs 1,900 to Rs 1.42 lakh per 10 grams as rising US bond yields weighed on prices. Persistent foreign fund outflows remain a concern, despite domestic institutional support. Going forward, crude prices, currency stability and Q2 earnings will be key triggers; volatility is likely to persist until global cues improve.”

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