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Below the Quote on Markets 02nd March 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital

“Indian equities ended the session on a cautious note, with the Nifty witnessing volatility through the day as escalating geopolitical tensions weighed on investor sentiment. The ongoing war-related developments have kept global risk appetite fragile, particularly with crude oil prices inching higher. A sustained rise in oil remains a key monitorable for India, given its implications on inflation, fiscal math, and corporate margins. From a sectoral standpoint, oil marketing companies and paint manufacturers faced pressure on concerns over input cost inflation, while aviation stocks also saw some profit-taking amid fears of elevated ATF prices. On the other hand, upstream energy names provided some support to the index, tracking firm crude prices. Defensive pockets such as FMCG and select pharma counters saw relative outperformance as investors sought stability amid uncertainty. Despite near-term headwinds, domestic macros remain resilient, supported by steady earnings expectations and sustained SIP inflows. However, we expect markets to remain headline-driven in the near term, with crude trajectory and geopolitical cues likely to dictate sentiment. Investors should stay selective and focus on quality balance sheets and earnings visibility.”

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