Stock market outlook today, 9 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Nikkei 225 cues

What happened: Indian equities are likely to open higher on Friday, 9 October, as GIFT Nifty signalled a positive start after Thursday's sharp sell-off. The Sensex plunged 1,045.46 points and the Nifty 50 fell 371.25 points. Key numbers: Sensex closed at 71,593.24, down 1.44%, its lowest in over two-and-a-half years. Why it matters: Analysts cited by the report see the indicated opening as a possible technical rebound that may not become a durable recovery unless buying broadens beyond short covering. Nifty support was placed at 22,180 and resistance at 22,350.

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