Daily Market Commentary :Nifty opened positive and closed with gains of 35 points at 18634 Says Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/d461613f8dbf5ec2dfe5e7cd1d024034.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
Daily market commentary 30 May 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Domestic equities remained positive for the fourth consecutive day. Nifty opened positive and closed with gains of 35 points at 18634. Action was seen in select midcap and smallcap stocks. Sectorially, it was a mixed bag with FMCG and Private Bank being top gainers. In the near term, we expect the market to take cues from its global peers and macro data to be released during the week. In addition, investors would watch for India’s GDP number, which will be released on Wednesday. Nifty is showing strength and is inching up gradually toward its life-high levels. Bank Nifty has already crossed its previous highs and is providing much-needed support to the market. Even the Midcap index is at an all-time high and we expect the action in the broader market to continue
Above views are of the author and not of the website kindly read disclaimer
![](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)
![](https://portfolio.investmentguruindia.com/uploads/news/MoU Signing (1) 23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Hotel.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ShaktikantDas080324.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![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)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)