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Sensex Today: Nifty eyes 23,150 opening as banking stocks take center stage
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CNBC TV18•19-10-2026, 08:34
Sensex Today: Nifty eyes 23,150 opening as banking stocks take center stage
- •The Nifty 50 enters a truncated trading week following two consecutive weeks of gains, with a weekly expiry scheduled for today ahead of the Dusshera holiday.
- •Market recovery shows potential, but investors remain cautious due to global factors including Wall Street trends, oil prices, and foreign outflows.
- •Key banking giants including HDFC Bank, ICICI Bank, Axis Bank, and Yes Bank will be in sharp focus following their weekend earnings reports.
- •Technical analysts identify the 23,200 to 23,250 range as the initial upside hurdle for Nifty, with strong support expected around the 23,000 level.
Key Questions Answered
For the Nifty 50, the first hurdle on the upside is between 23,200 and 23,250, while the bulls look to protect 23,000 on the downside with 22,950 to 22,900 serving as a key support zone if that fails.
HDFC Bank, ICICI Bank, Axis Bank, and Yes Bank are in focus as they react to the earnings reports they released on Saturday.
For the Nifty Bank, 55,500 serves as a support level, while the 56,000 to 56,200 zone acts as a key hurdle on the upside.
