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Daily Market Commentary : Domestic equities remained range bound amid mixed global cues says Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd
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Below the Daily Market Commentary On 08 November 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Domestic equities remained range bound amid mixed global cues. Nifty traded in positive territory throughout the session and closed with modest gains of 37 points at 19444. Broader market continued to outperform with Nifty midcap 100 up 1% while smallcap 100 up 0.7%. Sectorially it was a mixed bag with buying seen in Pharma, Realty and Oil & Gas. After witnessing recovery in the last week, market is now in a consolidation mode and we expect slow and steady upmove till the festivity. Investors awaited comments from Fed Chair Jerome Powell to get view on US central bank’s future course of action.
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