Daily Market Commentary : Nifty opened gap-down as India-Pak tensions rose, stayed weak Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd

Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
The Nifty opened with a gap-down amid rising tensions between India and Pakistan, leading to a weak start and persistent pressure throughout the session. The index ended 1.1% lower at 24,008. Broader markets also slipped, with the Nifty Midcap100 and Smallcap100 falling 0.1% and 0.6%, respectively. Meanwhile, Foreign Institutional Investors (FIIs) continued their buying streak, with month-to-date inflows reaching ?11,656 crore, offering some cushion to the market. Sectoral performance was mixed. Nifty PSU Bank emerged as the top gainer, rising 1.6%, while Nifty Realty was the worst performer, slipping 2.4%. Defence stocks witnessed strong momentum, buoyed by expectations of increased focus and spending in light of geopolitical developments. Conversely, hotel and aviation stocks declined amid concerns over operational disruptions and reduced travel demand. Investor will continue to focus on the ongoing Q4 earnings season, with major companies like Tata Steel, Tata Motors, Bharti Airtel, and Hindustan Aeronautics scheduled to announce results. Additionally, key macroeconomic indicators such as India’s Consumer Price Index (CPI) and US industrial production data will be closely tracked for insights into the global economic outlook.
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