Stories
Sensex Today: Nifty eyes opening near 23100 as tech stocks and bulls drive market optimism
C
CNBC TV18•16-10-2026, 08:46
Sensex Today: Nifty eyes opening near 23100 as tech stocks and bulls drive market optimism
- •Nifty is expected to open close to the 23100 mark on an optimistic note, eyeing its second consecutive weekly gain for the first time in nearly three months.
- •IT stocks remain in major focus following strong gains in US-listed shares of Wipro and Infosys, and Tech Mahindra is also expected to draw attention.
- •Largecap stocks dominated the previous session, though a sharp reaction to earnings kept market breadth mixed and triggered underperformance in the broader market.
- •Key levels to watch include 23000 for Nifty, with bulls hoping support shifts higher to the 22750 to 22700 zone, while Nifty Bank aims to sustain above 56000.
- •Capital market stocks like BSE, NSE, and Angel One will be in focus following the release of new SEBI CAS norms, alongside Jio Financial and Urban Company.
Key Questions Answered
The Nifty 23,000 level remains key while bulls hope support shifts higher to the 22,750 to 22,700 zone, and Nifty Bank aims to cross and sustain above 56,000.
IT stocks remained in focus with US-listed shares of Wipro and Infosys gaining 4% to 5% following results, alongside capital market names like BSE, NSE, and Angel One following SEBI CAS norms.
Oil prices continued to remain at elevated levels, and a sharp reaction to results kept market breadth awry, triggering broader market underperformance despite an optimistic note for Nifty bulls.
