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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 volatile on weekly F&O expiry and closed with gains of 80 points at 22515 levels. Sector-wise it was a mixed bag with buying seen in private banks and IT. The Q4 business updates from a few prominent companies were largely encouraging, driving stock-specific action in the market. Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while broader markets have bounced back strongly, especially after a sharp recent correction. We expect some volatility tomorrow especially in rate sensitive sector amid India’s central bank’s policy meeting. Overall, we maintain our positive bias on the market, and any dip can be viewed as a buying opportunity.

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