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Daily Report 10-Nov-22

On Wednesday, Indian market witness profit booking after gap-opening and positive global cues, Nifty ended with minor cut.

Wall Street was down by 1.95% to 2.48% as mid-term election result did not witness Republican sweep as expected, it is close contest.

Wall Street was down by 1.95% to 2.48% as mid-term election result did not witness Republican sweep as expected, it is close contest.

AXIXBANK: Government to sell 1.55% SUUTI stake in AXISBANK through OFS at floor price of 830.61 on 10th & 11th November 2022.

Crypto currency witness fresh sell-off as crypto exchange BINANCE said, it would walk away from initial offer to acquire competitor FTX.

US Economic data: CPI & Core CPI inflation data due today evening.  Global market would be closely watching for further cues.

VIX @ 15.92: expected to rise to 17 level in near term.

Approach on Indices: We are in supply zone; we expect indices to consolidate / correct before its next move.  Nifty @ 17889 &Banknifty @ 41250 key & immediate support level.

SGX Nifty @ 18127 down 66.50 points at 7:50 AM

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