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Below the Quote on Markets by Mr. Vikram Kasat - Head Advisory - PL Capital

“The Indian stock market saw a strong rebound today as the geopolitical situation between the US and Iran eased off leading to a fall in crude oil prices. The fear about inflation and the cost of imports had weighed heavily on Indian stocks for the past five trading sessions but they have now recovered well, helped by broad buying and quarterly results that came in well. IT stocks and financials, along with selective consumer stocks have also contributed towards the recovery in the market, while midcap and smallcap indices too have joined in the rally. In the coming sessions, it is likely that the movement in the market would continue to be dictated by geopolitical situation, crude oil prices, earnings season and foreign institutional investors.”

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