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Sensex Today: GIFT Recovers As Markets Eye Key Banking And IT Stocks
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CNBC TV18•12-10-2026, 08:12
Sensex Today: GIFT Recovers As Markets Eye Key Banking And IT Stocks
- •The Nifty bulls enter the week with cautious optimism following a recovery that broke eight straight weeks of losses.
- •Crude oil prices have surged with Brent crude trading above 105 dollars a barrel.
- •Banking sector will be in focus following RBI decisions on CRR management and currency depreciation safeguards.
- •IT stocks gain attention as HCLTech, Wipro, and Tech Mahindra gear up to report their earnings this week.
- •Key levels to watch include 22,400 as important support for Nifty and 54,500 for Nifty Bank.
Key Questions Answered
For the Nifty, 22,400 serves as an important support level where a break below could trigger a re-test of recent lows. On the upside, the 22,600 to 22,700 zone is identified as an important range for further supply.
HCLTech, Wipro, and Tech Mahindra are all scheduled to report their results this week, placing the IT sector in the spotlight following recent buying.
Banks are a primary focus due to recent decisions made by the RBI regarding cash reserve ratio (CRR) management and measures to safeguard the local currency from additional depreciation. Additionally, the trajectory of Nifty Bank is considered key in guiding the overall market direction.
