Stock market prediction for tomorrow, 5 Oct Monday: Sensex, Nifty outlook; Dow Jones, Nasdaq, Kospi, Nikkei, Taiwan cues

What happened: The Indian market extended its corrective phase for an eighth consecutive week, with the Sensex falling 1,670.84 points and the Nifty declining more than 3%. US stocks ended higher on Friday after weaker-than-expected jobs data. Key numbers: Sensex closed at 71,909.70, down 570.59 points (0.79%), after touching a 52-week low of 71,292.88. Why it matters: Analysts cited oversold conditions and key technical supports that could trigger a near-term rebound, while a decisive break below the April low could drag the Nifty towards 21,700-22,000.

The Indian market extended its corrective phase for an eighth consecutive week, with the Sensex falling 1,670.84 points and the Nifty declining more than 3%. US stocks ended higher on Friday after weaker-than-expected jobs data.

Analysts cited oversold conditions and key technical supports that could trigger a near-term rebound, while a decisive break below the April low could drag the Nifty towards 21,700-22,000.