Daily Market Commentary : Indian equities moved higher supported by positive handover Says Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/fe7697ee023471f8d9492d2f1a398405.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 26 May 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Indian equities moved higher supported by positive handover from the US markets and strong upmove in Index heavyweights. Nifty opened higher and strengthen throughout the session to close with hefty gains of 185 points (+1%) at 18506. India VIX declined by 4% at 11.9 levels. Also Consistent FIIs buying supporting the overall positivity. All sectors ended in green with IT, FMCG, PSU Bank and Metals being top gainers up 1% each. After consolidating for the last few days, Nifty has managed to surpass the resistance of 18450 zones. We expect this momentum to continue and Nifty to touch its previous lifetime high in the coming weeks. The index is now just 380 points or 2% away from its lifetime high. With result season nearing its end, the focus will now shift to macro data, US debt negotiations and upcoming central bank policy meetings.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Power 2510.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Infrastructure28.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/NKSingh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Boman Irani and M D, President, CREDAI.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ITSEctor123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Growth Chart 50.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shripal Shah, MD & CEO, Kotak Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gold_29.12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Import export.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Crane_Sanghavi.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/2021/04/1ef42155560b83ed734dcb090ffc389c.jpg)
Nifty reclaims 14500, but still not completely out of the woods By Ruchit Jain, Angel Broking
![Daily Market Commentary 08 April 2022 By Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/04/d2cbbf3bb8570d70c0f19da28d1e6184.jpg)
![Market Quote : The capex by the government and the pickup in manufacturing activity Says Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _14.jpg)
![Morning market quote : The US 10-year yield hovering around 5% continues to be a headwind for equity markets Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/broker_86.jpg)