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Daily Market Commentary : Nifty after opening higher traded sideways throughout the session to close flat at 19396 Says Mr. Siddhartha Khemka, Motilal Oswal
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Daily market commentary 22 August 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Nifty after opening higher traded sideways throughout the session to close flat at 19396. The broader market outperformed with the Nifty midcap 100 up 1% while the Nifty smallcap 100 was up 0.8%. Sectorially it was a mixed bag with buying seen in Metals, FMCG, and Auto. In the near term market is expected to trade in a range as investors await the U.S. Federal Reserve’s annual Jackson Hole gathering and US Fed Chair Jerome Powell's speech later in the week.
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