IGI Logo

Below the Quote on Markets 17th May 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)

‘The domestic equities market delivered a steady performance today, with the Nifty confidently reclaiming the 24,000 mark and the Sensex holding its ground following a strong four-day rally. The foundational catalyst remains the growing optimism surrounding the proposed US-Iran peace framework, which has effectively anchored Brent crude prices below the $78 a barrel threshold. For a major oil-importing economy like India, this cooling of energy commodity headwinds dramatically alters the near-term inflation outlook, protecting corporate margins and strengthening macroeconomic stability. Domestic sentiment is structural and resilient. Global cues were somewhat mixed as investors keenly await the outcome of the US Federal Reserve's policy meeting later tonight, the debut session under newly appointed Chair Kevin Warsh. Buying interest heavily gravitated toward defensive and consumption-driven pockets, alongside information technology and consumer durables. As the Nifty consolidates above key psychological handles, the structural cooling of global energy prices fundamentally clarifies corporate earnings visibility, reinforcing that any minor dips or healthy consolidations remain high-conviction accumulation zones for long-term investors.’

Above views are of the author and not of the website kindly read disclaimer