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Daily Market Commentary : Nifty made a positive start after a mid-week break on the back of strength Says Mr. Siddhartha Khemka, Motilal Oswal
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Daily market commentary 09 November 2022 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Nifty made a positive start after a mid-week break on the back of strength in US markets. However profit booking at higher levels led to fall in the second half of the day with Nifty closing with marginal loss of 46 points at 18157. Weakness in European and key Asian markets dragged Indian equities. Investors were cautious ahead of US mid-term election outcome and release of US and India inflation data. Nifty Bank and Nifty Auto today made fresh lifetime high on the back of healthy quarterly numbers. Going ahead, Indian markets are likely to gradually inch higher with intermittent bouts of volatility.
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