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Below the Quote on markets by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)

“The equity market closed nearly flat during today’s session in a tight range due to the cautious attitude of the market participants against the backdrop of continued geopolitical instability in the Middle East region and high crude oil prices. Although there was little volatility in the market, mixed performance in the sectors along with profit taking prevented market participants from registering gains. However, the market would look forward to the earnings season that would give a clearer picture about profitability of the companies along with their management views. Going ahead, factors such as the outcome of the earnings season, trend in crude oil prices, macro-economic trends abroad and foreign fund flow would play a role.”

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