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

“Indian equities witnessed a strong recovery today, with the Sensex and Nifty rising around 1.2%, led by a sharp rally in IT stocks following optimism around HCL Technologies’ earnings. The nearly 4.7% surge in the Nifty IT index suggests that investors are selectively positioning themselves around earnings visibility rather than buying across the market. The decline of around 8% in India VIX indicates easing near-term uncertainty, although weakness in small-caps highlights that risk appetite remains uneven. Elevated crude oil prices and September retail inflation of 5.54% could constrain policy flexibility and corporate margins. Going forward, sustained earnings growth and broader sectoral participation will be crucial to extending the rally; investors should favour fundamentally strong companies and avoid aggressive bets at elevated valuations.”

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