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Market sentiment remains cautious, with bearish retail positioning amid warnings that oil shocks historically triggered sharp S&P 500 drawdowns.
Wall Street, which broadly witnessed a strong record rally in the initial days of this week, corrected sharply on August 6 ahead of jobs data, as it will provide more clarity on the US Federal Reserves stance in September policy.
Stock market prediction for Wednesday, 7 October, 2026: Gift Nifty was trading around the 22,760.50 level, down nearly 35 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.