Daily Market Commentary : Domestic equities rallied for the second consecutive day supported by positive global cues after initial jobless claims fell to a four-month low Says Mr. Siddhartha Khemka, Motilal Oswal
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 20 September 2024 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Domestic equities rallied for the second consecutive day supported by positive global cues after initial jobless claims fell to a four-month low. Nifty opened the gap up and gained strength throughout the session to close with handsome gains of 375 points (+1.5%) at record high levels of 25791 levels. The broader market too ended in green with gains of ~1%. Barring PSU Bank, all sectors ended in the green. Realty, Metals, FMCG, Private Banks, and Financial Services were top gainers up 1-3%. Markets are gradually climbing up and we expect this positive momentum to continue next week backed by strong FII inflow, healthy domestic macros, and receding concern about the US economy slowing down.
Above views are of the author and not of the website kindly read disclaimer
More News
Quote on Weekly Market Round-Up by Shrikant Chouhan, Head Equity Research, Kotak Securities
