Daily Market Commentary : Nifty traded in positive territory throughout the session on the last day of the month and made a fresh high above 25200 levels Says Mr. Siddhartha Khemka, Motilal Oswal
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_88.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Nifty traded in positive territory throughout the session on the last day of the month and made a fresh high above 25200 levels. The index closed with gains of 84 points at 25236 levels and for August index gained 1.6% despite seeing volatility. Barring FMCG, all sectors ended in green with buying seen in Realty & Pharma. Niche sectors like Sugar were in focus after the government’s new policy lifted the previous cap on using sugar for ethanol production. Moody's upgraded India’s GDP rating forecast to 7.2% for 2024 and to 6.6% for 2025 (earlier estimates of 6.8% and 6.4%) on back strong broad-based growth. This along with healthy MSCI inflow took markets to new highs. We expect the market to continue its northbound journey with stock-specific action. Global macro data which will be released during the week will continue to provide cues to domestic equities. Sector-wise, Auto will remain in focus as OEMs will announce their monthly sales numbers.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Funding.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Myntra_trent.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FPI_09.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_87.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Krishna Appala.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Alchemy Capital Management.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_88.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/broker_1.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Weekly Note by Mr. Ajit Mishra, SVP - Research, Religare Broking Ltd
![Market Quote : Global markets are currently resonating with the US Fed`s pledges of a rate cut in September says Vinod Nair, Head of Research, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker_87.jpg)
![Quote on Market by Krishna Appala, Sr. Research Analyst, Capitalmind Research](https://portfolio.investmentguruindia.com/uploads/news/Krishna Appala.jpg)
![Weekly Market Outlook 30th August 2024 from Vinod Nair, Head of Research at Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/broker_1.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : Markets extended gains for the third consecutive session, rising by ...
![Pre-market comment by Mandar Bhojane, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/broker_84.jpg)
![Weekly Market Note : Markets ended 2-week long consolidation phase and settled around the week`s high By Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![Market Quote : Global markets are rallying in anticipation of aggressive US FED rate cuts in 2024 Says Mr. Vinod Nair, Geojit Financial](https://portfolio.investmentguruindia.com/uploads/news/Broker _23.jpg)