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.
Above views are of the author and not of the website kindly read disclaimer
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