Stock market prediction for Friday, 16 October, 2026: The Indian stock market is likely to open in green, as GIFT Nifty signalled a positive opening on Friday, 16 October.
Meanwhile, Asian markets traded higher on Friday , while US stock futures also remained positive on Thursday.
“Indian equities are likely to open with a gap-up, with GIFT Nifty trading above 23,100 after yesterday’s strong recovery. The opening strength is supported by lower US Treasury yields and a mildly positive Wall Street close, but sustaining the gap will depend on whether buying expands beyond the large-cap stocks that drove the previous session,” said Hariselvan Radhakrishnan, Founder & CEO of HST Wealth.
Benchmark indices staged a strong rally on Thursday, with the Sensex surging 1,534 points, or over 2%, to close at a three-week high. Gains were driven by heavy buying in banking and IT stocks, along with Reliance Industries, as easing crude oil prices lifted investor sentiment.
The 30-share BSE Sensex advanced 1,533.72 points, or 2.11%, to settle at 74,315.61, near its intraday high. During the session, the index climbed 1,548.4 points, or 2.12%, to touch 74,330.29. The NSE Nifty 50 also ended firmly higher, rising 374.65 points, or 1.66%, to close at 22,997.35. The index finished at its highest level since September 25.