Nifty stays range-bound as resistance near 23,800 caps upside move

Indian markets ended the week with modest gains as Nifty remained range-bound, testing key resistance near 23,800 while volatility eased. Technical indicators show neutral-to-cautious sentiment, with consolidation expected to continue until a decisive breakout above resistance confirms a stronger trend.

Concurrent Losers: 13 stocks decline for 5 consecutive sessions

Even as the Sensex posted modest gains during the week ending May 22, 13 BSE 500 stocks declined in every trading session. Afcons Infrastructure and Alok Industries led the losses with 11% declines, while several consumer, metal and industrial stocks also ended lower.

Why West’s crypto rules matter for East’s financial future

The US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahead. India, a leader in crypto adoption, has a historic chance, but must rapidly evolve its domestic framework to attract institutional capital and financial infrastructure.