Stock market prediction for Friday, 9 October, 2026: The Indian stock market is likely to open in green, as GIFT Nifty signalled a positive opening on Friday, 9 October.
Meanwhile, Asian markets remained subdued on Friday, while US stock futures traded mixed on Thursday on rising bond yield, Donald Trump's remarks on US-Iran war and rising crude oil prices.
“Indian equities are likely to open with a gap-up, with GIFT Nifty near 22,370—around 140 points above the Nifty’s previous close. The indication suggests a technical rebound after Thursday’s sharp sell-off, but the opening may not develop into a durable recovery unless buying broadens beyond short covering,” said Hariselvan Radhakrishnan, Founder & CEO of HST Wealth.
Indian benchmark indices witnessed heavy selling on Thursday, with the Sensex plunging over 1,000 points and the Nifty slipping to a 21-month low. Selling pressure in rate-sensitive stocks, commodities and FMCG shares intensified amid a sharp surge in crude oil prices and rising expectations of tighter monetary policy in India and globally.
Extending losses for the second consecutive session, the 30-share BSE Sensex plunged 1,045.46 points, or 1.44%, to close at 71,593.24, its lowest level in more than two-and-a-half years. During the session, the index fell as much as 1,310.95 points, or 1.80%, to an intraday low of 71,327.75. The benchmark had last closed around this level on February 13, 2024.