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Daily Market Commentary : Nifty remained positive throughout the session to close with minor gains of 21 points at 24857 levels Says Mr. Siddhartha Khemka, Motilal Oswal
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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 positive throughout the session to close with minor gains of 21 points at 24857 levels. Broader space outperformed with Nifty Midcap 100 up 0.5% and Smallcap 100 up 0.9%. Sector-wise it was a mixed bag with buying seen in Consumer Durables, Oil & Gas, Auto, and Realty. Oil & Gas sector was in momentum after crude oil prices slipped to a 2-month low as global demand concerns outweighed rising geopolitical tension in the Middle East. Nifty consolidated at higher levels, while stock-specific actions continued in the market. 25k zone has been elusive for the last 2 days and once Nifty crosses this level, it would be a euphoric moment for equity markets. Investors would track US consumer confidence and Jolt Job Opening data, which will be released late today ahead of the US Fed policy meeting outcome on Wednesday late evening.
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