Daily Market Commentary : Nifty recovered from lower levels to close flat at 22303 Says Mr. Siddhartha Khemka, Motilal Oswal
Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Nifty recovered from lower levels to close flat at 22303. Sector-wise it was a mixed bag with buying seen at Oil & Gas, Metals, PSU Banks, and Auto. Nifty after declining for three consecutive days and shedding 416 points, saw relief today and traded sideways. However, volatility continues with India Vix at higher levels of 17. Consistent selling by FIIs, a mixed set of Q4 results, and lower turnout in the election kept investors wary. We expect the market to consolidate in a broader range amid nervousness surrounding ongoing Lok Sabha election
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