From mint · Vaamanaa Sethi · · 1m 10s
Stock Market Outlook: Sensex, Nifty Prediction for 19 Oct
Indian markets likely to open cautiously amid oil prices and global uncertainty.
In brief
Indian markets likely to open cautiously amid oil prices and global uncertainty. Indian stock markets expected to open modestly higher on Monday with sustained recovery from recent volatility. Originally reported by mint.
Market Prediction for Monday
Gift Nifty trading around 23,117 level, down nearly 2.20 points from previous close.
“The Indian stock market likely to open in green on Monday”
Indian Market Recovery
Sensex advanced 413.66 points to 74,729.27, Nifty 50 reclaimed 23,100 mark.
“Markets witnessed strong recovery, supported by improved domestic growth outlook”
Nifty Technical Outlook
Nifty 50 technicals show bullish potential above 73,900, 74,100 resistance zone.
“Overall, the Sensex outlook remains sideways to bullish”
US Market Performance
Dow Jones down 0.55% at 51,891.77, S&P 500 futures up 20, 25 points.
“Wall Street futures resumed trading higher on Sunday evening local time”
Kospi Decline
Kospi plunged 179.64 points or 3.17% to open at 5,488.41.
“South Korean equities fell sharply tracking technology-led sell-off on Wall Street”
Nikkei 225 Drop
Nikkei 225 opened 0.77% lower at 64,819.56 before falling 1.73%.
“The Nikkei 225 opened 0.77% lower at 64,819.56 before extending losses to 1.73%”
Taiwan Stock Market
Taiex index fell 1.42% to 46,440.75 on Monday.
“Taiwanese stocks also opened weak on Monday, with Taiex index falling 1.42%”
Oil Price Impact
WTI crude trading around $97, $98 a barrel, Brent above $108.
“Sustained strength in energy prices could weigh on the rupee”
Market Outlook Summary
Indian markets expected to open cautiously with persistent oil prices and global uncertainty.
“Ponmudi R, CEO of Enrich Money”
The headline
Indian stock markets expected to open modestly higher on Monday with sustained recovery from recent volatility.
