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Below the Quote on Evening Markets 19th June 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital

“Today’s market showed a huge correction after a five-session rally, with major indices closing on the negative side owing to a massive decline in the IT space. Guidance by the global IT major Accenture had a significant impact on investor sentiment, resulting in a broad selling spree of tech-related stocks like TCS, Infosys, and HCLTech. The Nifty broke below the 24,000 level, whereas the Sensex fell close to 1% level; besides, the fall in the banking sector added to the negative sentiment. In spite of good indications like decline in the prices of crude oil and improved geopolitics during the first part of the week, investors decided to take profit booking due to the rally in the past sessions. Nevertheless, overall market resilience, liquidity from within the country, and positive outlook regarding corporate earnings continue to favor the market. Going forward, investors will closely monitor FII flows, monsoon progress, crude oil prices and management commentary from key corporates, particularly Reliance Industries’ AGM, for further market direction.”

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