PFB the market wrap by Ankur Punj, MD & Business Head at Equirus Wealth
“After Wednesday’s relief rally following the ceasefire announcement, domestic markets ended a volatile session in red, Driven by ceasefire uncertainty. Markets followed global cues as most of the mkts ended in Red due to Crude gain and global uncertainty. Focus now will be on domestic company earnings, and sectors getting impacted due to surging crude prices. Investors will wait for more clarity on whether the ceasefire will translate into meaningful discussion and help end the war before taking any major equity exposure. Although valuations of domestic equities are now extremely favourable and risk reward is tilted towards high Equity exposure. Any positive news will see good upswing movement from domestic market.”
