Daily Market Commentary 11th November 2021 By Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/11/b6b07d5c5a7021cc6a23e1378b2fb773.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 November 2021 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Equity markets opened negative amidst weak global cues and witnessed further selling pressure throughout the day to finally end ~-0.7% down. Broader markets too fell in tandem.
Global cues were weak as US inflation surged to 31 year high at 6.2%, following which dollar surged to 16-month high and U.S. Treasury yields leapt by the most since February to nearly 1.6%.
Going ahead, market is likely to continue with its consolidation given weak global cues, persistent FII selling and last leg of earnings season. Investors would now await clues from US Fed as to how soon it would start hiking interest rates. Otherwise the domestic macro trends continue to be encouraging while active covid cases continue its declining path. Thus long term investors should buy into this correction in staggered manner while traders should follow stock specific action.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/FMCG4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Finance_Sinduja.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nayka22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_498.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BCPL Railway Infrastructure.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nazara Tech.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Cotton Report.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/solar8.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railways_54.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Spices Outlook.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/2022/09/28982ac9d38aa27ace0012eaa7938a6d.jpg)
Quote On Nifty : On the lower end, Nifty found support above 17400 Says Rupak De, LKP Securi...
![Daily Market Commentary : Nifty finally managed to cross its ATH of 18604 though it touched just 10 points higher at 18614 Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/11/a1d3c03cfe1fa6692e86ea8272c7bb39.jpg)
![Morning Nifty, Derivative and Rupee comments 16 February 2022 by Anand James ,Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/8e1fcabb4e5eab3560c7a4b2847860c4.jpg)
![Quote on Bank Nifty : Bank Nifty faced selling pressure as it slipped below 46000 Says Kunal Shah, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/d33a2c2c569ee0c0506ff954844cdebf.jpg)