Daily Market Commentary : Nifty opened on a strong note Says Mr. Siddhartha Khemka, Motilal Oswal
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Daily market commentary 23 May 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Nifty opened on a strong note. However, profit booking in the last hour dragged indices down to close with marginal gains of 33 points at 18348 levels. All sectors ended in the green, except IT, Realty and Consumer sectors. Markets have gained momentum in the last three sessions and are gradually inching higher towards 18450 – 18500 levels. We expect sector rotation to continue, with midcap particularly gaining strength. On the global front, investors would watch for Japan, UK, Europe and US PMI data that will be released late on Tuesday.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
Monetary Policy Quote : The Status quo considering the volatility in Global factors is a pru...
