Daily Market Commentary 11th January 2022 By Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/37e9068d727ac904950e7e6ac69d137a.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 11th January 2022 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services
Domestic indices opened positive after taking cues from its global peers. Nifty witnessed volatility in the initial trade but recovered from its lower levels and ended the day with gains of 52 points (+0.3%) at 18,056 levels. Broader market too ended in green with minor gains of ~0.1%. Among sectors, buying was seen in the IT, realty, oil & gas and financial services. While selling was seen in Metals, Auto, FMCG, PSU Bank and Pharma.
Majority of the global markets were positive helped by strong European economic data. U.K.retail sales grew by 4.6% in December y-o-y. Another report from Barclaycard showed consumer spending was up 12.2% last month from two years before. Even Australia released better-than-expected retail sales data.
Investors continue to monitor the impact of central bank’s tightening of their monetary policies and the spread of the omicron COVID-19 variant. In the previous two decades, there have been two periods when the Fed has raised interest rates (Jun’04-Jun’06) and (Dec’16-Dec’18). The Nifty has performed well in those two periods, despite rate increases by the Fed. Going forward we expect market to remain steady on back of expectation of strong corporate earnings season, upcoming budget and positive macroeconomic data. The key risk in the near term might be any changes by government in restriction norms due to rising cases.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Bhutan_Hotel.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ministryfinance010324.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/AstraZeneca04.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Manali_1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gulf Oil Lubricants.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Hotels.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajmera Realty.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Pharma Sector 56.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/2022/08/b9d6abb8a9493b669e367b255e868d2c.jpg)
View on Nifty : The Benchmark Nifty has remained mostly sideways Says Rupak De, LKP Securities
![Market Wrap Up : Nifty slipped below 17350, led by global weakness Says Mr. Osho Krishan, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/0663710d6b8272949dba230eb70948c0.jpg)
![Quote on Morning market 12th August 2021 By Dr. V K Vijayakumar, Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/08/8d0944af96c1bc219af7947c0bfbff49.jpg)
![Daily Market Analysis : Markets showed tremendous resilience amid weak global cues and gained nearly half a percent by Mr. Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)