Market Roundup : Global as well as domestic markets gained strongly post soft US inflation data Says Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/f990b0c6e2f022412f7df316b182942e.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 11 August 2022 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Global as well as domestic markets gained strongly post soft US inflation data. Nifty opened gap up and maintained its momentum throughout the session to finally close with healthy gains of 106 points (+0.6%) at 17,640 levels. Broader market too rallied with Nifty Midcap 100/Nifty Smallcap 100 up +0.9% each. Majority of the sectors gained with Banks, IT and Realty being top gainers. While FMCG, Auto and Media, were being losers.
Softened US inflation data boosted investor sentiments and led to hope that the US Fed might taper down its aggression and raise interest rates at a slower pace than previously expected. Commodity costs have corrected over the last few weeks, offering some respite to the record high inflation. Even India’s inflation data is due on tomorrow (Friday) which would be eyed eagerly amidst better US inflation data. The benefit of the recent moderation in commodity costs is likely to start accruing in 2HFY23E, which would boost corporate profitability. Thus the positive momentum in the market is likely to sustain going ahead, though bouts of volatility can’t be ruled out given mixed global cues and increasing geopolitical tensions.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Ashish Khandelia - Founder at Certus Capital & Earnnest.me.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/soyabean.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gold 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ravi Kaushik, Flourish venture.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/202407243192420.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nikunj Agarwal.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.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/2022/03/4cf6a015859edc34c749e68989d4e3d4.jpg)
Daily Market Analysis 02 March 2022 By Ajit Mishra, Religare Broking
![Daily Market Commentary : Nifty after opening higher traded sideways throughout the session to close flat at 19396 Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/156af2158e851ee244bd990808aa7749.jpg)
![Nifty is again likely to reach record highs since SGX Nifty is indicating 15400 levels By Dr. V K Vijayakumar, Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/03/0a943e5e5430c47a16c7c43fe39220c1.jpg)
![Quote On Nifty : Nifty started higher but failed to sustain the selling pressure at the higher end Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/dcd395ca44cb6b16358bb52eb229ae8c.jpg)