Daily Market Commentary 7th December 2021 By Siddhartha Khemka, Motilal Oswal
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Below is the Daily Market Commentary 7th December 2021 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services
Equity markets witnessed a share rebound today, on back of positive global cues. Comments from the US stating that the new virus might be less effective than earlier feared helped elevate global sentiments. Both Sensex and Nifty closed with gains of over 1.5%. Buying was witnessed in banking metals and auto stocks ahead of the RBI meeting on interest rates.
While markets have seen some relief today, the overall volatility is likely to remain for some more time until FII selling reduces. Investors should await cues from the global Central banks for direction on the monetary policy as well as interest rates.
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