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

“Indian equities have turned volatile today after an early recovery attempt, with the Sensex and Nifty giving up gains as selling intensified at higher levels. The Nifty is trading around 23,300–23,350, while the Sensex remains around 74,500–74,700, with IT stocks under pressure amid concerns over the demand outlook. Brent crude has rebounded to around $99-100 a barrel after four consecutive sessions of declines, while foreign outflows and geopolitical uncertainty continue to weigh on sentiment and keep inflation and import-cost concerns in focus. The rupee remains around Rs 95.8 per dollar, while gold and silver continue to see volatility amid shifting global rate expectations. With the Nifty testing the 23,300–23,350 zone, investors should avoid chasing short-term rallies, stagger investments, focus on fundamentally strong companies with earnings visibility, maintain diversification and keep adequate liquidity to capitalise on meaningful market corrections.”

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