Stock market prediction for Thursday, 22 October, 2026: The Indian stock market is likely to open on a negative note, as GIFT Nifty signalled muted start on Thursday, 22 October.
Meanwhile, Asian markets traded mixed on Thursday , while US stock futures gained for third day in a row, however, remained under pressure in the extended trading on Wednesday.
Equity benchmark indices extended their losing streak to a second consecutive session on Wednesday, with the Sensex falling 143 points as selling pressure in power, banking and financial stocks, coupled with elevated crude oil prices, weighed on market sentiment. Rising US bond yields and continued foreign institutional investor (FII) outflows further dampened investor confidence.
The 30-share BSE Sensex declined 143.21 points, or 0.19%, to settle at 73,709.69. After opening in positive territory, the index surged 829.29 points, or 1.12%, to touch an intraday high of 74,682.19 before surrendering its gains and slipping to a low of 73,229.45.
The NSE Nifty 50 also ended lower, shedding 77.60 points, or 0.34%, to close at 22,811.35. The index climbed to an intraday high of 23,120.90 during early trade before reversing course to hit a low of 22,702.85.