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Daily Market Commentary : Markets across the globe are seeing extreme volatility as fear of economic Says Mr. Siddhartha Khemka, Motilal Oswal
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Daily market commentary 28 September 2022 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Domestic equity continued its downfall in sync with its global peers. Markets across the globe are seeing extreme volatility as fear of economic downturn weighed on investor’s sentiments. Back home aggressive FIIs selling in recent sessions, upcoming RBI MPC meeting and monthly derivatives expiry on Thursday is keeping investors on edge. Nifty gave up its key support levels and drifted below 17k zones. In the near term market is expected to remain under pressure due to global uncertainty. However mixed trends across sectors would continue to offer stock specific opportunities especially in auto, consumption with ongoing festive season.
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