Daily market commentary : Domestic equities continued its ritual of touching new highs with Sensex and Nifty crossing 70k and 21k mark Say`s Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd
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Below the Daily Market Commentary On 11 December 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Domestic equities continued its ritual of touching new highs with Sensex and Nifty crossing 70k and 21k mark. Nifty traded in positive territory throughout the session and closed with gains of 28 points (+0.1%) at 20,997 levels. All sectors ended in green, except for Pharma. Strong domestic economic growth along with return of FIIs are expected to drive the market higher in the coming months. However, for the next few days markets are likely to consolidate in a range given global central banks are set to announce policy outcome this week. Further, US and India inflation along with India’s manufacturing data to be release on Tuesday would keep investors cautious.
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Large cap stocks impacted by FII selling
