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 equity markets extended their recovery on Friday, with the Nifty and Sensex trading higher, led by a strong rally in IT stocks following encouraging Q2 earnings from select companies. Tech Mahindra and Wipro emerged as key gainers, while metal, media and auto stocks also witnessed buying interest. However, the recovery remains selective, and the divergence between sectors highlights the need for a stock-specific approach rather than broad-based buying. Continued foreign institutional investor outflows remain an overhang, while elevated crude oil prices and global inflation concerns could limit the upside. From a market perspective, the sustainability of this rebound will depend on earnings delivery, the return of foreign flows and whether buying participation broadens beyond a handful of large-cap stocks. Investors should remain disciplined, focus on companies with strong fundamentals and earnings visibility, and avoid chasing sharp short-term rallies until the market establishes a more durable trend.”
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