Daily Market Commentary : Nifty remained lacklustre amid mixed global cues Says Mr. Siddhartha Khemka, Motilal Oswal
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Daily market commentary 20 January 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Nifty remained lacklustre amid mixed global cues. Selling in the second half of the session led index to close near day’s low at 18028 levels. Major draggers were consumer sector stocks that posted weak numbers and Reliance that will announce its results later on Friday evening. Market is likely to remain in a consolidative range with stock specific action on Q3FY23 results and upcoming budget. Metals, IT and Capital Goods are likely to remain in momentum. Banking sector would be in focus next week after results of ICICI Bank, Kotak Bank and IDFC First Bank over the weekend.
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