Daily Market Commentary : Domestic indices were range bound amid recent commentaries from US FED Officials Says Mr. Siddhartha Khemka, Motilal Oswal
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Daily market commentary 08 February 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Domestic indices were range bound amid recent commentaries from US FED Officials, which dented global sentiments. Nifty opened flat and remained subdued throughout the session but finally managed to close with marginal gains of 22 points at 17893. Except IT and financials, which provided support to the index, rest all the sectors traded weak. On the global front, the worry continues with regards to inflation and rate hike. While on the domestic front, persistent FII selling and mixed set of corporate results kept the market lacklustre as investors await fresh triggers for direction.
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