Stock market outlook today, 16 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

What happened: Indian equities are likely to open higher on Friday, 16 October, as GIFT Nifty signalled a positive opening after Thursday's strong rally in the Sensex and Nifty. Key numbers: Sensex closed at 74,315.61, up 1,533.72 points or 2.11%. Nifty 50 rose 374.65 points or 1.66% to 22,997.35. GIFT Nifty traded near 23,106, up about 118 points or 0.51%. Why it matters: Analysts said sustaining the gap-up depends on buying expanding beyond large caps, with geopolitical uncertainty and foreign fund outflows still posing risks to a sustained recovery.

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