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Market Commentary Overnight global action: On 23^rd July 2026, US market delivered a negative performance with S&P500 down by -100.78 pts (-1.34%), Dow Jones down by -575.54 pts (- 1.1%) and Nasdaq down by -582.06 pts (-2.01%). Gift Nifty declined by - 194 pts (-0.81%) indicating Indian markets will open negatively. Advance-Decline ratio on NSE was 1155:2099 and on BSE was 1556:2684 which showed weakness in the overall markets.

Index Options Data Analysis: Sensex max call OI and put OI both are at 77500 with PCR of 0.83 Nifty 50 max call OI at 24200 and put OI at 24150 with PCR of 0.82 Bank Nifty max call OI and put OI both are at 58000 with PCR of 0.89.

Securities in Ban for F&O Trade : NIL Sector Performance: NIFTY OIL & GAS index declined by -1.02% driven by Petronet LNG Ltd. (- 3.6%) and Chennai Petroleum Corporation Ltd. (-3.65%). NIFTY PSU BANK index declined by -1% driven by Indian Overseas Bank (- 3.1%) and Bank Of India (-1.24%). NIFTY REALTY index declined by -1.81% driven by Anant Raj Ltd. (-4.7%) and Sobha Ltd. (-3.5%). NIFTY IT index declined by -0.06% driven by Coforge Ltd. (-2.1%) and Persistent Systems Ltd. (-2.14%) NIFTY METAL index declined by -0.74% driven by Adani Enterprises Ltd. (-4.37%) and JSW Steel Ltd. (-1.59%). NIFTY PHARMA index declined by -0.38% driven by Gland Pharma Ltd. (- 2.5%) and Cipla Ltd. (-1.56%).

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