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
“The Indian equity market saw a Volatile performance in today’s trading session, where the Nifty remained below the 24,300 level along with the Sensex shedding its early gains. The fall in crude oil prices, owing to expectations of reduced tensions in the Strait of Hormuz region, helped, whereas underperforming sectors such as IT, auto, FMCG, and consumer durables weighed down the market. PSU banking, private banking, finance, and certain mid- and small-cap stocks managed to hold their ground well. Going ahead, global cues, US inflation data, crude oil movement and FII flows will remain key drivers. Investors should maintain a selective approach and focus on fundamentally strong stocks.”
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