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

Nifty opened gap up and traded in positive territory throughout the session, to close with gains of 251 points (+1%) at 24366 levels. High Beta sectors were among the top gainers like Auto, IT, PSU Banks, and Realty. The corporate earnings scorecard for 1QFY25 has been in line so far with domestic cyclicals such as auto, banking, healthcare, real estate and capital goods driving the growth. Over the past few days, Nifty has been volatile with some recovery seen in the last few days. India Vix descended from 20 levels to 15 during the week, showing an easing in cautiousness in the market and improvement in sentiments. Going forward, we expect markets to consolidate at higher levels due to mixed global cues and absence of any major domestic triggers.

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