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Below the Quote on Daily Market Commentary by Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd

Nifty50 rose by 0.6% to close at 22,972 level, led by gains in banking and financial stocks after the Reserve Bank of India announced a slew of measures to boost liquidity in the banking system, raising hopes of an interest rate cut in February. Nifty Bank  and Nifty Financial services gained over 1.5% each. RBI announced a set of forex and money market measures that will collectively infuse ?1.5 trillion over time. AI-driven EMS stocks such as Dixon and Kaynes Technologies were under pressure, facing the impact of selloff in US tech stocks sparked by the rise of low-cost rival Chinese AI start-up DeepSeek. Broader market underperformed with Nifty Midcap100 losing 0.5% and Smallcap100 shedding 1.8%, amidst mixed Q3 results, weak global cues and persistent FII selling. Investors will be tracking the quarterly numbers and future guidance from some of the key companies like Bajaj Finance, Maruti Suzuki, Tata Motors, Adani Power amongst others, announcing results tomorrow. We expect market to trade in a range-bound manner, ahead of the US Fed interest rate decision on Thursday and the Union Budget announcement on Saturday.  

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