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Context
What happened: GIFT Nifty signalled a muted start for Indian equities on Thursday, 22 October, after the Sensex and Nifty fell for a second straight session on Wednesday.
Key numbers: Sensex fell 143.21 points, or 0.19%, to 73,709.69. Nifty 50 fell 77.60 points, or 0.34%, to 22,811.35. GIFT Nifty traded near 22,682, down 46.50 points or 0.20%. Kospi opened down 1.14% at 5,670.11.
Why it matters: Analysts cited by the report see the Sensex as sideways, with 73,500 and 73,200 as key levels, while a Nifty breach below 22,720 could accelerate downside toward 22,650 to 22,600.