Nifty's Monday Moves: RIL, HDFC Bank, ICICI Bank to Dictate Direction

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CNBC TV18•18-01-2026, 14:27
Nifty's Monday Moves: RIL, HDFC Bank, ICICI Bank to Dictate Direction
- •Nifty closed marginally higher by 28 points at 25,694, snapping a two-session losing streak.
- •The index rallied initially but lost momentum, erasing gains before recovering partially.
- •Selling pressure near the 25,900 zone capped Nifty's attempts to sustain higher levels.
- •IT majors Infosys, Tech Mahindra, and Wipro led gains, while Eternal, Jio Financial, and Cipla were top losers.
- •Experts predict a consolidation phase; 25,900 is key resistance, 25,500 is crucial support.
Why It Matters: Nifty faces consolidation with key bank stocks influencing Monday's direction amid mixed market signals.
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