27-09-2023 05:05 PM | Source: Motilal Oswal Financial Services Ltd
Daily Market Commentary : Broader market outperformed with Nifty Midcap 100 and Nifty Smallcap 100 up 0.8% and 1% respectively Mr. Siddhartha Khemka, Motilal Oswal
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Below is the Daily Market Commentary 27 September 2023 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Domestic equities rebounded into positive territory after reports of Nomura upgraded its rating on the Indian Markets to ‘Overweight’. Nifty recovered from lower levels amid buying in index heavyweights and closed with marginal gains of 52 points at 19716 levels. Broader market outperformed with Nifty Midcap 100 and Nifty Smallcap 100 up 0.8% and 1% respectively. Majority of the sectors ended in green with Pharma, FMCG, and PSU Bank being top gainers. Markets saw some respite after the previous day’s sell-off but the pressure still continues given several concerns regarding rising interest rates, crude oil prices, and growth concerns in China.
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