Daily Market Commentary 15th December 2021 By Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/5847e940a9830b9fdca22c0912e1229a.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 15th December 2021 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services
Equity markets opened flat on mixed global cues and remained in negative zone through-out the day. Overall market moved within a narrow range and selling was witnessed at higher levels. Nifty & Sensex ended with loss of 0.6%. Broader market too fell in line with Midcap Index down 0.6% while Small Cap index was down 0.4%. Apart from Auto (+0.4%) all the other sectors closed in red. Realty, PSU Banks, Media and Financial services were down more than 1%. India VIX inched up marginally by 1.6% at 17.2 levels.
TVS motors gained after it announced expansion of its cooperation agreement with BMW Motorrad for future technologies and Electric vehicles. SBI was also in focus after announcing IPO plans for its Mutual fund subsidiary. Among Nifty stocks Sun Pharma, Kotak Bank, Maruti, Tata Consumer and M&M were top gainers. While Baja twins, ITC, Adani ports and power grid were top losers.
Global markets continued to remained mixed as investors await the latest U.S. Federal Reserve policy decision. Also the political turmoil in U.K. dented the market sentiments. Oil prices fell for the third consecutive day as concerns over rise in Omicron-driven virus cases to impact global demand for oil at the same time that crude output is set to increase.
Overall market is expected to remain in consolidative mode ahead of key central banks outcome and lack of positive triggers. Also the covid situation took an ugly turn after UK reported world’s first death due to Omicron virus yesterday which led to increase in global cautiousness. Investors are awaiting outcome from the US fed meeting and looking for cues on when the central bank plans to start interest rate hike apart from the pace of stimulus tapering.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Spacecraft11.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Seafood10.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Steel.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gdp23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_498.jpg)
![](https://portfolio.investmentguruindia.com/Bharat Heavy Electricals Ltd (BHEL).jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/union23.png)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy_878.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ECONOMY.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmala2324.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/2021/10/eda316bb863db6f77796f513e51fba00.jpg)
Daily Market Commentary 28th October 2021 By Mr. Siddhartha Khemka, Motilal Oswal Financial ...
![Morning Market Quote : There are two dominant factors influencing equity markets now Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/04ee5a0b877bc35b684bb72897c06583.jpg)
![The distinctive near-term trend in the market is the narrowing range of the market Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![Market Wrap Up - Market recovers after yesterday`s hiccup by Mr. Ruchit Jain, Angel Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/ebe1bea4d9cf8e7e0d65ae57220d3df3.jpg)