Macro headwinds completely overpowered institutional buying on Dalal Street today. Despite both FIIs and DIIs turning net buyers, the Nifty slipped 0.54% to settle at 22,688. The overarching drag came from Brent crude climbing nearly 2% to $110.68/bbl following Houthi attacks in Saudi Arabia. Compounding the pressure, the RBI MPC minutes indicated a readiness for further rate hikes to tame inflation. On a positive note, SEBI’s proposed framework for REITs/InvITs to acquire third-party assets sparked interest in real estate proxies. Join tonight’s wrap-up as we map the support grid for 23-Oct-26.
