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Nifty Faces Seventh Weekly Loss; Analysts Warn of Further Decline to 22,700 Zone
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CNBC TV18•25-09-2026, 07:45
Nifty Faces Seventh Weekly Loss; Analysts Warn of Further Decline to 22,700 Zone
- •The Nifty 50 is poised for its seventh consecutive weekly loss, closing below 23,100 on Thursday.
- •Bulls must defend the 23,100 level to prevent a weekly close below it, a scenario not seen since March.
- •Analysts predict a potential further fall to the 22,800 - 22,700 zone if key Nifty levels are breached.
- •The Nifty Bank was a major factor in Thursday's sell-off, with bulls aiming to keep it above 55,000 weekly.
- •Key market variables include US 10-year bond yields at 5.2%, Brent near $106, and a stronger US Dollar.
Key Questions Answered
The Nifty 50 needs to close above the 23,350 mark to record a weekly gain.
HSBC has downgraded PB Fintech amid ongoing stock market updates.
The US 10-year bond yield is currently at 5.2% following a further sell-off in bond markets.
