“Nifty, after five days of continuous positive close, ended the day on weak note with miniscule loss at 18,256 levels”, noted Siddhartha Khemka. The head – retail research at Motilal Oswal Financial Services Ltd. added “record high inflation in US is dampening the sentiments in other wise positive macro data environment. Moreover, Markets have recovered sharply by more than 10% from its recent lows of 16,400 levels in just 20 days. Valuations are no longer cheap and require strong earnings delivery for sustenance of positive momentum in the market”.
