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

Nifty ended marginally higher at 23,813 (+0.3%), amid subdued volumes on account of new year holiday season across global markets. Broader markets were mixed with Nifty midcap 100 down 0.2% and smallcap 100 up 0.2%. Buying interest was seen in Auto and Pharma stocks. Rupee extended its fall for the ninth day in a row on Friday, breaching the key level of 85.50 for the first time, and recovered marginally after RBI intervention. FIIs continued their selling spree, offloading equities worth 2,377 crores on Thursday, eighth consecutive day of outflows. There were five mainboard IPO listings on Friday, with all companies debuting with significant gains amid strong investor demand. With no significant triggers in the near term, markets are likely to remain range-bound. Pre-quarterly business updates to be released in the first week of Jan’25 will provide insights into the upcoming result season and would be keenly tracked by the markets.  

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