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Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd

Benchmark Nifty50 ended flat, settling at 25,104 as the market took a breather following a four-day rally. Rate-sensitive sectors including Realty, Banking and Financials witnessed profit booking after RBI-policy led gains in the past few sessions. Broader markets followed suit to close flattish with marginal gains. Sectoral performance was mixed with Nifty IT in the lead with gains of 1.7% on the back of strong US jobs data and progress on the US China trade agreement front. On the institutional front, foreign and domestic investors were net buyers on Monday (June 9th) infusing around ?5,500 crore, providing key support to the market. Additionally, the trade agreement between India and the four-nation European bloc EFTA (European Free Trade Association comprising Iceland, Liechtenstein, Norway, and Switzerland) is likely to come into force from Sept’25 as per India’s Commerce Minster. Investors will be closely watching Trump’s speech later today and the U.S. inflation report due on Wednesday and India CPI due on Thursday, for further direction. Looking ahead, we expect markets to continue to consolidate and remain range-bound with a positive bias.

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