Daily Market Commentary 06 December 2021 By Siddhartha Khemka, Motilal Oswal
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Below is the Daily Market Commentary 06 December 2021 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services
Indian markets opened in red and continued to witness selling pressure throughout the day. All the sectors ended in red. Selling was witnessed in heavyweight sectors like IT, auto, banking, pharma and FMCG sectors. Concern over the new variant of Covid and the upcoming RBI meeting on interest rate kept the market volatile.
Overall, we expect market volatility to remain high until there is clarity on the impact of the new virus. Also, FII selling has been pretty strong adding to the overall market weakness.
Above views are of the author and not of the website kindly read disclaimer
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