Stock market outlook today, 7 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Nikkei, Kospi, Taiwan cues

What happened: GIFT Nifty signalled a negative open for Indian equities on Wednesday, 7 October, while Asian markets opened lower and US futures hit record highs on Tuesday. Key numbers: Sensex closed at 73,067.81, up 685.34 points or 0.95%. Nifty settled at 22,776.10, up 220.35 points or 0.98%. GIFT Nifty traded near 22,760.50, down about 35 points. Why it matters: Analysts cited elevated US Treasury yields and caution ahead of the RBI policy decision as likely to keep risk appetite in check, while crude below USD 100 a barrel and banking and Reliance buying supported Tuesday's gains.

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