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

“The Equity Market witnessed a very robust rally today as they ended a streak of four losses and saw the Sensex rallying close to 670 points with the Nifty surging above 24,200 mark. The market rally was fuelled by the fall in the global bond yields, stronger Asian markets along with the buying in IT, private banking and property space. Mid and small cap indices were also strong today where mid-cap index rallied more than 0.8% and small-cap index more than 1%. However, high oil prices and tensions between USA and Iran are still major concerns for the market with investors having to pay attention to the inflation rates, currencies and foreign flows along with the gold price rises that helped the buying of gold financing stocks.”

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