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Daily Report 23-May-23

Indian market had mix session as Banknifty ended in red while other indices gain around half a percent. Volatility remains low and indices continue to trade in range.

Wall Street finished mixed on Monday, with the Nasdaq helped by gains in Alphabet (NASDAQ:GOOGL) and Meta Platforms, S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling.

Wall Street finished mixed on Monday, with the Nasdaq helped by gains in Alphabet (NASDAQ:GOOGL) and Meta Platforms, S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling.

Adani Stocks Market Cap Crosses Rs 10 Lakh Crore as Supreme Court Panel Report Drives Surge

Reliance Jio Infocomm Ltd. gained the highest number of subscribers in March, outpacing the additions at Bharti Airtel Ltd., while Vodafone Idea Ltd. continued to lose users.

F&O data: FII continue to remain long around 48%, F&O data are mix ahead of final expiry for May-23 series.

Approach on Indices: We see Indices testing recent high this week as Nifty range seen at 18113 – 18498 & Banknifty range seen at 43181 – 44151.

SGX Nifty @ 18370 up 34.50 points at 8:30 AM

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