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 came under sharp selling pressure on Monday, with the Sensex falling over 1,200 points from its intraday high and the Nifty slipping below 22,350, erasing early gains after Friday’s recovery. Rising 10-year government bond yields, persistent FII outflows, escalating Middle East tensions and weak global cues have dampened risk appetite, while profit-booking has intensified volatility. Media, auto, realty and metal stocks showed relative resilience, whereas PSU banks, IT, FMCG and private banks remained under pressure. Although the rupee’s recovery and softer crude prices offer some relief, elevated yields and inflation concerns remain risks. Investors should favour fundamentally strong companies and stagger fresh investments until earnings visibility and market breadth improve.”
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