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Can Nifty Hold 22,700 Amid Global Cues and US CPI Data Focus?
M
Moneycontrol•14-10-2026, 08:38
Can Nifty Hold 22,700 Amid Global Cues and US CPI Data Focus?
- •GIFT Nifty indicates a negative opening with weak Asian markets and flat Wall Street following a strong previous session where Nifty closed above 22,700.
- •Market attention is firmly on the upcoming US CPI data with inflation expected at 3.6% year-on-year, alongside US 10-year yields at 5.2% and Brent crude exceeding $106.
- •Institutional activity showed FIIs selling worth Rs 1,305 crore while DIIs bought equities totaling Rs 2,439 crore.
- •Tata Elxsi remains in high focus among investors during the trading session.
- •Q2 financial results scheduled for release today include companies such as BHEL, Groww, Canara Bank, and MRPL.
Key Questions Answered
Market analysts are closely watching whether the Nifty can successfully hold the 22,700 level following a previous session where the Sensex surged 1,100 points and the Nifty closed above that threshold.
All eyes are currently focused on the September US CPI data, with inflation expected to come in at 3.6% year-on-year.
Companies scheduled to release their Q2 results include BHEL, Groww, Canara Bank, and MRPL.
