Stock market outlook today, 19 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

What happened: GIFT Nifty signalled a positive opening for Indian equities on Monday, 19 October, while Asian markets traded lower and US stock futures were mixed. Key numbers: Sensex closed at 74,729.27, up 413.66 points or 0.56%. Nifty 50 settled at 23,146.15, up 148.80 points or 0.65%. Why it matters: Analysts cited by the report see the Sensex outlook as sideways to bullish, with 73,900 to 74,100 as support and 75,000 to 75,300 as resistance. Choice Broking said Nifty has rebounded from its 200-week EMA but has yet to reclaim the 50-week EMA.

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