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

Nifty continued its momentum of making fresh highs and traded in positive territory throughout the day. The index closed with gains of 26 points at 24613 levels. Sector-wise it was a mixed bag with buying seen in reality, FMCG, and Auto. Markets rallied for the third consecutive day amid buying by FIIs and a rally in the global markets. With the nearing of a major event – Union Budget, we expect anxiety to increase in the market. Along with this Q1FY25 earnings results of prominent companies will drive the stock-specific action. On Wednesday, Indian Markets will remain closed on account of Moharram. Globally, Investors will watch for Retail Sales Data from the US to be released late today.

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