Daily Market Commentary : Nifty remained sideways throughout the session with negative bias and closed with a loss of 91 points at 22122 levels says Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd
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Below the Daily Market Commentary On 26 February 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Nifty remained sideways throughout the session with negative bias and closed with a loss of 91 points at 22122 levels. Profit booking was witnessed in some of the index heavyweights at higher levels. Majority of the sectors ended in the red. However buying was seen in Oil & Gas, Auto, and Realty. Globally investors would take cues from macro data releases lined up during the week. Today US New Home Sales Data for January would be an important event to track. Overall, we expect the market to consolidate at higher zones while following global trends
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