Nifty Breaks 23,000: Crude At $105, RBI Rate Hike Risk Weighs On Markets

Indian markets face renewed pressure after the Nifty slipped below the crucial 23,000 mark, extending a seven-week losing streak. Rising crude prices near $105-$106 a barrel, a weaker rupee and persistent geopolitical uncertainty are adding to investor concerns. Avinash Gorakshakar, Founder, Avinash Mentor Research, shares his outlook on the key market levels, banking stocks under pressure and the potential impact of an RBI rate hike after October 2. Foreign portfolio investors have also remained net sellers, with around ₹11,000 crore of cumulative selling over seven weeks. The discussion also covers market volatility and what investors should watch next