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Context
What happened: GIFT Nifty signalled a positive open for Indian indices on Friday, 23 October, after Sensex and Nifty fell for a third straight session on Thursday amid rising crude oil prices and West Asia tensions.
Key numbers: Sensex fell 460.30 points, or 0.62%, to 73,249.39. Nifty 50 dropped 123.70 points, or 0.54%, to 22,687.65.
Why it matters: Analysts cited by the report see the Sensex outlook as sideways with a cautious tone, with 73,000 crucial for near-term stability, while the Nifty faces resistance at 22,800 and support at 22,600.