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01-01-1970 12:00 AM | Source: Motilal Oswal Financial Services
Daily Market Commentary : Domestic CPI data to be announce today post market Says Mr. Siddhartha Khemka, Motilal Oswal
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Daily market commentary 13 February 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Domestic equities succumbed to weakness in global markets as investors’ fret over the Federal Reserve’s stress on the tightening of the monetary policy to tame inflation. Nifty opened lower and traded in negative territory throughout the session to close with loss of 93 points at 17763 levels. All sectorial indices ended in red with PSU Bank, Realty and IT down 1-2% each. Volatility index, India VIX rose by 8% to 13.7 levels. We expect market to remain lacklustre as investors await key economic data on global as well as domestic front to provide some clear direction. Domestic CPI data to be announce today post market, while US would release its monthly CPI data on Tuesday along with Europe’s GDP numbers. Auto and Capital goods stocks likely to do well on back of good quarterly results.

 

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