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Below the Quote on Markets by Mr. Vikram Kasat - Chief Business Officer - Advisory and Dealing at PL Capital

“Indian equities staged a recovery today after two consecutive sessions of losses, with the Sensex and Nifty trading higher, supported by buying in IT stocks and relatively positive global cues. However, sentiment remains cautious amid elevated crude oil prices, US bond yields and uncertainty around the Federal Reserve’s policy outlook ahead of the Jackson Hole address. The sharp volatility witnessed during yesterday’s Closing Auction Session (CAS) on monthly expiry has also made investors more watchful of end-of-day movements. Going ahead, markets are likely to remain volatile, with global cues, crude prices and institutional flows key to determining the next directional move.”

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