320-x-100_uti_gold.jpg" alt="Advertisement">
Daily market commentary : Nifty continued its downward trend amid selling pressure in HDFC Bank and weak global cues by Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Daily Market Commentary On 18 January 2024 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Nifty continued its downward trend amid selling pressure in HDFC Bank and weak global cues. The index closed with a loss of 110 points at 21462 levels. Sector-wise it was a mixed bag with buying seen in Pharma, Oil & Gas, Realty, and PSU Bank. Strong retail sales data in the U.S., along with hawkish comments by US Fed speakers spooked investors globally. We expect the market to consolidate in a range with limited upside amid a global uncertain environment. Tomorrow Nifty heavyweights like Reliance, HUL, and Ultratech will announce their results which could drive the index on either side.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Indian markets to deliver positive returns for 9th year in a row, outperform US
