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--->Gift Nifty Signals Gap-Down, Fed Turns Hawkish & Global Metals Under Pressure — Can Nifty Defend 23,000? METALS Global metal prices have weakened after their recent rally, with copper already correcting sharply from record levels.

VEDL SAIL NMDC MUTHOOTFIN (GLOD ALSO FELT) MANAPPURAM ------>🇺🇸 Fed Turns Hawkish The US Federal Reserve raised its policy rate by 25 bps to 3.75%–4.00%, marking its first rate hike since 2023. The decision came as inflation remains elevated, partly because of higher energy prices. The Fed also indicated that another rate hike could come later this year. Why does this matter for India? Higher US rates can mean: • Stronger Dollar • Higher global bond yields • Pressure on emerging-market currencies ------>FII / DII Activity 16 September 2026 FII Cash: -₹2,032.61 Cr DII Cash: +₹3,908.23 Cr FII Derivatives • Index Futures: +₹473.50 Cr • Index Options: -₹11,485.50 Cr • Stock Futures: +₹2,288.62 Cr • Stock Options: -₹580.67 Cr The key takeaway: FIIs are still selling in the cash market. --->Nifty: 23,000 Is the Key Battle Nifty has been under significant pressure and is now approaching the psychological 23,000 zone. Key Support: 23,000 If 23,000 holds: Oversold conditions → Short Covering → Relief Bounce ---->Bank Nifty: 55,500–55,400 Zone Bank Nifty is also approaching an important psychological support area. Strong Support Zone: 55,500–55,400 This is the zone where buyers could attempt to defend the index. ----->Today's Market Equation Positive • Crude oil finally cooling • Nifty approaching 23,000 support • Bank Nifty approaching 55,500–55,400 support • Oversold conditions can create a short-term bounce Negative • Gift Nifty signals gap-down • US markets closed lower • Fed delivered a hawkish rate hike • US 10Y yield around 5% • FII cash selling continues • Global metals remain weak