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Below the  Quote on Daily Market Commentary :Nifty ends marginally lower by 36 points at 24,399 after a flat day Says Mr. Siddhartha Khemka , Motilal Oswal Financial Services

Nifty after a positive start, traded sideways for a major part of the session and closed with a marginal loss of 36 points at 24399. Sector-wise it was a mixed bag with buying seen in Banking and Financials. FMCG Index declined more than 2% after HUL & Nestle reported disappointing numbers. Metals too saw some selling pressure especially Hindalco after its global peer Constellium reported results below estimates. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the absence of any major triggers, while the earning season would drive sectorial rotation. Key results tomorrow - BEL, Chola Investment, JSW Steel, HPCL, Coal India, and BPCL.

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