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Sensex And Nifty Aim To Defend Key Levels Amid Fragile Market Sentiment
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CNBC TV18•22-10-2026, 06:33
Sensex And Nifty Aim To Defend Key Levels Amid Fragile Market Sentiment
- •GIFT Nifty hints at a negative market start as the index focuses on protecting the crucial 22,800 level.
- •Crude oil prices hovering near 110 dollars per barrel and 10-year bond yields reaching 7.43 percent are key factors to monitor.
- •Jio Platforms IPO enters its second day following a historic opening day that attracted bids worth 70,000 crore rupees.
- •Liquidity worth 1.8 lakh crore rupees returns to the financial system through refunds from four recently closed IPOs.
- •Nifty Bank key range stands between 54,500 and 55,500, with momentum shift dependent on a sustained close above 56,000.
Key Questions Answered
The Nifty 50 managed to close above the 22,800 mark, which remains the most important level for the index to defend.
Liquidity worth 1.8 lakh crore rupees returns to the system today in the form of refunds for the four IPOs that closed for subscription on Monday.
The India 10-year bond yield is currently at 7.43%, which marks its highest level since 2023.
