Daily Market Commentary : Nifty remains positive throughout the session to close with handsome gains of 113 points at 24433 levels 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 remains positive throughout the session to close with handsome gains of 113 points at 24433 levels. Most sectors ended in green with buying seen in Auto, Consumer Durables, Pharma, and PSU Bank. PSU Banks witnessed fresh buying after the 10-Year bond yield fell to a 3-month low. After consolidating in the last few days, markets bounced back to make fresh high amid buying seen in index heavyweights. Markets tomorrow would react to US Fed Chair Powell's speech. Overall we expect markets to trade with a positive bias and take cues from upcoming inflation data, Q1FY25 earnings, and budget. Pharma sector is likely to remain in focus over next few days on back comfortable valuation and expectation of healthy earning growth in Q1.
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