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Daily Market Commentary : Nifty traded in negative territory throughout the session to close with a loss of 75 points at 22021 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 traded in negative territory throughout the session to close with a loss of 75 points at 22021 levels. Broader market however outperformed with Nifty midcap and smallcap 100 up 1% and 0.4% respectively. Sector-wise it was a mixed bag with buying seen in Realty, Oil & Gas, and Consumer Durables. Shorten trading week, derivatives monthly expiry along with global economic data to be released this week has kept the investors on the side-lines. Overall, we expect the market to consolidate in a broader range, however, buying in a broader market before the financial year end cannot be ruled out. Investors would watch for US Consumer confidence data to be released late today.
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