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

Nifty remained firm for the fourth day and closed with gains of 34 points at 22402 levels. Majority of the sectors ended in green with buying seen in Metals, Healthcare, and Realty. Metal stocks are witnessing fresh buying amid a rise in commodity prices, improving the Chinese economy, and the expectation of healthy demand ahead. Global markets turned positive as geo-political tension in the Middle East eased off and investors focus now on the earning season. Following its global peers, healthy domestic macro data and in-line Q4 results led to an up-move in the Nifty. We expect this bullish momentum likely to continue in the markets. Further, a sharp decline in India's VIX amid the start of elections indicates lower market volatility in the near term. Niche sectors would continue to remain in momentum.

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