Below the Quote on Daily Market Commentary : Nifty closed at 24,472, down 309 points (-1.25%), a 2-month low Says Mr. Siddhartha Khemka, Motilal Oswal
After a flat start, Nifty lost its footing with selling pressure escalating in the broader market to close at 2-month low of 24472, down 309 points (-1.25%) today. Realty and PSU Banks tumbled over 3% each while auto and metal indices fell more than 2%. All the sectoral indices ended in the red. Nifty Midcap and Sma...
Daily Market Commentary : Nifty closed at 24,472, down 309 points (-1.25%), a 2-month low Says Mr. Siddhartha Khemka, Motilal Oswal
The Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while the broader markets have bounced back strongly, especially after a sharp recent correction, Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, said on Thursday.
While the Nifty closed 80 points, or 0.36 per cent, up at 22,514.65 on Thursday, the Sensex ended 350.81 points, or 0.47 percent, higher at 74,227.63, their best close ever.
Sector-wise, it was a mixe...
Broader markets bounce back after sharp correction
The Nifty retreated from record-high levels and remained in the negative territory throughout the session to close flat at 22,453 levels on Tuesday, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
While the Nifty 50 index shed 8.70 points, or 0.04 per cent, to close at 22,453.30 on Tuesday, the Sensex was down 110.64 points, or 0.15 per cent, at 73,903.91.
The broader market outperformed by more than 1 per cent. Sector-wise, it was a mixed bag with b...
Markets expected to consolidate over next few days
After a positive opening on Wednesday, Nifty soon entered into the negative territory dragged by profit booking in index heavyweights, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
While the Nifty was down 247.20 points, or 1.11 per cent, at 21,951.15 on Wednesday, the Sensex ended the day at 72,304.88, down 790.34 points, or 1.08 per cent. The broader market saw a sharp selloff down 2 per cent, Khemka said.
All the sectors ended in red with sellin...
All sectoral indices in red as markets see sharp selloff ahead of GDP data
Nifty rebounded on Tuesday, snapping a two-day decline in a choppy trading session, said Deepak Jasani, Head of Retail Research at HDFC Securities.
While the Nifty50 settled 0.34 per cent, or 76.3 points, higher at 22,198.35 on Tuesday, the BSE Sensex added 0.42 per cent, or 305.09 points, to close at 73,095.22.
The broad market indices ended marginally in the negative as the activity levels were concentrated in large and larger midcaps, Jasani said.
Meanwhile, foreign portfoli...
Nifty snaps two-day decline in choppy trading session
