Quote on Markets by Mr. Vikram Kasat - Chief Business Officer - Advisory and Dealing at PL Capital
Below the Quote on Markets by Mr. Vikram Kasat - Chief Business Officer - Advisory and Dealing at PL Capital
“Indian equities witnessed a volatile session today, with the benchmarks giving up their strong early gains to close lower. The Sensex declined 0.55%, while the Nifty 50 fell 0.17%, as profit-taking and cautious sentiment weighed on the market towards the close. While banking and realty stocks provided some support, weakness in IT, auto and FMCG stocks capped the upside. Global concerns around crude prices, geopolitical tensions and elevated bond yields continue to remain key risks. Going forward, investors should expect volatility to persist and focus on selective opportunities, strong fundamentals and a staggered investment approach.”
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