Nifty may remain under pressure as FPI selling continues; key levels to watch
AI Summary
The cautious opening of the Indian equity market, despite positive global cues, highlights the ongoing challenges posed by foreign portfolio investor outflows and rising global bond yields. Retail investors should be mindful of the technical indicators suggesting a consolidation phase, with key resistance levels around 23,600-23,650 that need to be reclaimed for a potential reversal. As the market navigates this uncertainty, maintaining a focus on risk management and monitoring FPI trends will be crucial for investment decisions.
The Indian equity market is likely to open cautiously on Wednesday despite positive global cues. As foreign portfolio investors stepped in to sell, analysts expect the market to remain under pressure.
Continued foreign outflows and elevated global bond yields remained an overhang for domestic equities, said Ajit Mishra, SVP – research, Religare Broking. On Tuesday, FPIs offloaded shares worth Rs3,810 crore.
Original Article
Published on Hindu BusinessLine
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This is a market news update from Hindu BusinessLine, published on 23 September 2026.
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