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Below is the Daily Market Commentary 10 October 2022 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd

Indian equities came under pressure due to global factors and increased geo political risks in Ukraine. However, strength was clearly visible in domestic markets as Nifty recovered by more than 200 points from lower levels. The index managed to close near day’s high with modest loss of 74 points at 17241. Going forward, markets are likely to witnessed swings as any escalation in geo political environment can lead to increase in volatility. Further inflation data and US Fed meeting minutes will be closely monitored. Domestically Q2 earning season will commence with almost 22% of Nifty weightage announcing their results during the week including IT heavy weights, HDFC Bank, Bajaj Auto, etc.

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