US market continued on its winning ways, with Nasdaq hitting its sixth-straight record close and S&P 500 notching its fifth all-time high in six days
Nifty 23465.60
Nifty has closed near the upward end of the range, a decisively closing above 23500 should lead to a pick up of momentum on the upside. 23230 to be an important support level in near term.
Advance tax collection in FY till June 15 surged 27.6% to 1.48 lakh Cr, with 1.14 Lakh Cr as corporate tax and 34362 Cr as personal income tax, indicating a strong economy and corporate performance
In addition, the higher than anticipated dividend from RBI provides a revenue upside, a portion of which could use to pare the deficit below the 5.1% of GDP that was targeted in the interim budget.