Daily Market Commentary : Banking stocks will be in lime light ahead of RBI policy outcome Says Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/18884568c5c54ecb497b0bb1e6a31e30.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Daily market commentary 05 December 2022 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Domestic indices traded cautiously ahead key events lined up this week. Nifty opened positive but soon drifted in red and remained lackluster throughout the session to finally close flat at 18701. Broader market continued with its outperformance with Nifty midcap 100 finally crossing its 52W high and is just 2-3% away from all time high levels. Going ahead the momentum in the mid and small cap companies is likely to continue. Metals, Banking and Realty sectors would continue seeing traction. Banking stocks will be in lime light ahead of RBI policy outcome. Reopening of China and surge in metal prices would keep momentum in metal stocks while strong demand in real estate would keep realty and building material stocks in flavour. Even NBFCs might see some action as disbursements continue to remain healthy. Gold finance companies especially will continue to be in limelight as surge in gold price to 8-month high makes them a lucrative bet. We expect market to consolidate for next few days given the RBI policy on Wednesday and Gujarat election outcome on Thursday. Tomorrow we might see some reaction based on Gujarat exit poll data today.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/fintech57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FMCG4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Finance_Sinduja.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nayka22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_498.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BCPL Railway Infrastructure.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nazara Tech.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Cotton Report.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/solar8.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railways_54.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/3e666385ed41fd07700fb9984031089d.jpg)
Daily Market Commentary 12th January 2022 By Mr. Siddhartha Khemka, Motilal Oswal
![Morning Nifty and Derivative comments 01 January 2023 By Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _16.jpg)
![Daily Market Analysis : Nifty has next support at 18700 levels Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/a3cc1340988977d796c7c0cce6714a49.jpg)
![Daily Market Commentary : Domestic equities snapped its five-day winning streak amid profit booking and mixed global cues Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)