Daily Market Commentary : Domestic equities witnessed a smart recovery after falling in the last few sessions Says Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/0c54a47888e19258b7f10b1b2eee9fb2.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 21 March 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Domestic equities witnessed a smart recovery after falling in the last few sessions. Positive global cues, value buying at lower levels and some amount of short covering helped the indices close in green. Nifty opened positive and saw sustained buying throughout the day to close with gains of 119 points (0.7%) at 17107 levels. Strong action was seen in banking sector with Bank Nifty up sharply by 1.4%. Oil & Gas and Consumer Durables were other major gainers for the day up more than 1% each. We advise investors to remain cautious, as markets are likely to remain volatile ahead of Fed’s meeting outcome on Wednesday late evening. US Fed’s commentary amidst the ongoing financial crisis would be of key importance and can provide some direction to the markets.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.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/2022/06/3dda9fba55f7459c4da54ca08dab7c96.jpg)
View on Nifty 08 June 2022 By Kunal Shah, LKP Securities
![Market quote 28 June 2021 By Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/721ddcf2129cda78751c4f4cad3488af.jpg)
![Quote on FPI : This figure includes bulk deals and investment through the primary market Says Dr. V K Vijayakumar, Geojit Financial Services.](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/469116070ab2c73c62d9ba37833ee305.jpg)
![Morning Market Quote : The 25 bp rate hike by the Fed and dovish commentary were on expected lines Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/f19ddf9890293d7f3cf523dc4873ae4e.jpg)