Daily Market Commentary : Domestic equities continued its gradual downward momentum ahead Says Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/01/efd1c3316214ca5bbc914dc3f4efb2d4.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 12 January 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Domestic equities continued its gradual downward momentum ahead of US and India CPI data to be released late today. Nifty opened higher but soon drifted in negative territory to close with loss of 38 points at 17858 levels. Except Realty, IT and Auto sector, all other ended in red. In the near term, investors will take cues from inflation data as this will provide direction to central banks for rate hike. IT sector too would remain in focus after Cyient reported better than expected results while Infosys reported decent numbers. Management commentary and growth guidance would be the key driver for the sector. Momentum likely to continue in metals with surge in copper prices to 6 months high fueled by china reopening and weakening dollar.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Foodgrain 30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Hindustan Petroleum Corporation Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/DigitalData26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/KPI Green Energy.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.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/2022/04/93711526d0f0e78774fa766687a46c49.jpg)
Daily market commentary 28 April 2022 By Mr. Siddhartha Khemka, Head - Retail Research, Mot...
![Daily Market Commentary : Domestic equities were in positive territory throughout the session in line Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/11/ba6364d2bad5641b4c4224e5f7d3c6bd.jpg)
![Market Quote : The day presented a mixed picture in the market, with sectors such as Realty Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/7d36b6bdc7dc82c5ad9038a141e3801a.jpg)
![View On Today`s Market Performance 28 June 2021 by Rohit Singre, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/8fe6cec82a867019ea9df0088efb583e.jpg)