Daily Market Commentary : Nifty swung between gains and losses to finally close flat at 19675 Says Mr. Siddhartha Khemka, Motilal Oswal
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Below is the Daily Market Commentary 25 September 2023 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Nifty swung between gains and losses to finally close flat at 19675. Broader markets were positive with Nifty midcap 100 up 0.7% while Nifty smallcap 100 ending flat. Sectorially it was a mixed bag with buying seen in Realty, Consumer Durables, and Financial Services. Markets have come under pressure in recent weeks as the US central bank hinted at more rate hikes in the future. This along with persistent selling by FIIs, rising crude prices, and a spike in bond yields dampened investors' sentiments. We expect weakness to persist in the market amid cautiousness ahead of the monthly FNO expiry this week and economic data like India’s Infrastructure Output for the month of August US/UK Q2 GDP data and US/ China manufacturing PMI data to be released
Above views are of the author and not of the website kindly read disclaimer
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