Daily Market Commentary 08 February 2022 By Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/179f145aac2897e0ab4bdebd7a2e09c3.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is the Daily Market Commentary 08 February 2022 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Domestic equities managed close in green despite increasing volatility and last three days of consecutive decline. Nifty made a positive start, but fell lower towards 17,000 levels in its initial tick. The index bounced back from lower levels and ended with minor gains of 53 points (+0.3%) at 17,266. Broader market underperformed with Nifty midcap 100 down 0.7% while Nifty smallcap 100 down 1.7%. Sectors were mixed bag with PSU Bank, Metal, Pharma, Auto, and Financial Services gainers. While Media, Realty, IT, Oil & Gas and Consumer Durables were laggards.
Global markets were mixed as investors await to assess the potential impact of U.S. inflation data over Fed’s monetary policy. Further, investors fussed over the prospect of the U.S. adding a further 33 Chinese entities to its export control list. Oil prices eased of after hitting $94/bbl propelled by US and Iran nuclear deal talk.
The forthcoming RBI policy outcome on 10th Feb’22 will be a key driver for the market in the near term as it would impact liquidity and interest rates going ahead. Markets are witnessing increasing volatility due to various global as well as domestic factors. After 3 days of fall, Nifty witnessed some recovery from 17,000 odd levels – which continues to act as an important support level for the market.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ravi Kaushik, Flourish venture.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/202407243192420.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nikunj Agarwal.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget2024 07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget2024 07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indrani Chatterjee.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
![Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Monthly Debt Market Update, September 2023: CareEdge Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/7e76fdeb7352690fc8d6609b5f19b8be.jpg)
Morning Market Quote : The Fed is unlikely to raise rates by 50 bp in the March 22 meeting S...
![Perspective on Nifty touching 18,000 by Mr. Mohit Ralhan, TIW Private Equity](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/8025b67d8beb1efe1d58119464a95981.jpg)
![Daily Market Commentary : Domestic equities had a dream run with Nifty and Sensex scaling a lifetime high at 19006.7 Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/c110f8344ea9fd6e7efabdac0c32ae35.jpg)
![Morning Nifty, Derivative and Rupee Comments as of 24 February 2023 by Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/04ec43ea31f162b24f49fcdbf444047b.jpg)