Nifty Under Pressure: FII Selling, Global Cues; Experts Eye Key Levels

Business
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Moneycontrol•16-12-2025, 10:44
Nifty Under Pressure: FII Selling, Global Cues; Experts Eye Key Levels
- •FII selling and weak global sentiment pressured the market; Nifty fell 100 points, with Axis Bank, ICICI Bank, RIL, and Infosys contributing to the decline.
- •Bank Nifty dropped 350 points; midcap, smallcap, and metal stocks saw selling, while the rupee hit a record low.
- •Fertilizer stocks (FACT, Chambal, RCF) gained 3-6% on hopes of supply agreements from PM Modi's Jordan visit.
- •MEESHO shares surged 8% to an all-time high; PB Fintech was a top loser due to potential insurance commission capping.
- •Nifty is in a consolidation range (25,700-26,220); key resistance at 26,200 and strong support at 25,900, with a positive outlook if it stays above 25,750.
Why It Matters: This Nifty analysis helps investors navigate market volatility and identify key trading levels.
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