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Below the Quote on Markets 12th March 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital

“Indian equities ended Thursday’s session on a cautious note, with the BSE Sensex finishing lower as investors turned risk-averse amid rising global uncertainties. The decline was largely led by weakness in auto, FMCG and select private banking stocks, where profit booking emerged after the recent run-up and concerns around input costs and demand outlook weighed on sentiment. In contrast, power, utilities and some oil & gas counters showed relative resilience as investors rotated into defensives and energy-linked plays.

The broader market tone also reflected unease around the evolving geopolitical situation and firm crude oil prices, which could have implications for inflation and currency stability for import-heavy economies like India. In the near term, markets may continue to see bouts of volatility as global developments remain fluid. However, India’s underlying macro fundamentals and steady domestic liquidity could help cushion the downside, with stock-specific opportunities likely to emerge particularly in defensives, energy and companies with strong earnings visibility.”

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