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Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd

Domestic equities surged to a new high after India's Q3 GDP saw an impressive growth rate of 8.4% driven by robust manufacturing, highlighting the inherent strength and potential of our economy. Nifty gained momentum during the session to close with handsome gains of 356 points (+1.6%) at 22339 levels. The rally was supported by Metals, Financials, Banking, Oil & Gas, and Auto. Globally investors were optimistic after US Core PCE inflation edged lower to 2.8%. This supported by healthy domestic data led Nifty to mark a new high above 22300 levels. We expect ongoing momentum to continue while taking cues from a fresh set of economic data next week. For next week sectors to be in focus Auto on the back of better-than-expected monthly sales numbers. Cement and Metals are also expected to be in focus on the back of stronger economic growth, while defence and solar sector on account of improved order visibility.