Daily Market Commentary : Nifty gains 86 pts to 25,635 on strong momentum, FII inflows by Mr. Siddhartha Khemka, Motilal Oswal
Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Indian equities extended gains for the fourth consecutive day, with Nifty50 ending higher by 86 points at 25,635 (+0.3%) amid continued market momentum and strong FII inflows. US President Trump hinted at significant progress in negotiations with India for a long-awaited bilateral trade agreement between the two countries. FIIs made a strong comeback as net buyers on Thursday, with equity inflows exceeding Rs.12,500 crore — highest single-day buying over the last eight months. Positive sentiment reflected in the broader market, which outperformed with Nifty Midcap100 and Smallcap100 gaining 0.5% and 1% respectively. On the sectoral front, Nifty Oil and Gas was the top gainer, rising 1.3% with OMCs and gas distribution companies benefiting from a cool-off in the crude oil prices. Banking stocks continued their rally, pushing the Nifty Bank index to a fresh all-time high above the 57,400 mark. On the global front, U.S. index futures are marginally positive ahead of the release of the PCE inflation data. Decline in the US dollar index amid weak Q1 US GDP (0.5% contraction vs 2.4% growth in Q4 2024), was a significant element supporting India equities. We expect the market to witness a steady uptrend, supported by improving institutional inflows, prospects of a US-India trade deal, and sectoral tailwinds from RBI’s liquidity measures and an above-average monsoon forecast.
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