Daily Market Commentary : Sector wise it was mixed bag with buying seen in IT, PSU Bank, Metals and Oil & Gas says Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd
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Below the Daily Market Commentary On 15 December 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Nifty continued its northbound journey to close near day’s high with gains of 274 points (+1.3%) at 21456 levels. Sector wise it was mixed bag with buying seen in IT, PSU Bank, Metals and Oil & Gas. Equity Markets are witnessing a Santa rally globally post the dovish outlook by US Fed and fall in dollar index. This along with strong FIIs buying and healthy macros, supported the positivity in Indian Markets. Nifty has surged ~3% in last two day and we expect this optimism to continue next week on the back of a liquidity driven rally.
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