GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is up 0.65% at 24,414 as of 7:30 am. Equity-index futures for the US (S&P 500) rose 0.21%. while Europe (Euro Stoxx 50) up 0.22%. 

India Market Recap

Indian equity benchmarks extended their gains for a second consecutive session, supported by a strong rebound in IT stocks after four days of selling. The NSE Nifty 50 rose 169.85 points, or 0.71%, to close at 24,175.70, while the BSE Sensex gained 579.48 points, or 0.75%, to settle at 77,502.12. Buying interest in large-cap technology stocks lifted overall market sentiment, helping the benchmarks recover despite mixed global cues. On the technical front, Nifty support is placed in the 24,000–23,800 range, while resistance is seen between 24,250 and 24,500.

US Market Recap

Wall Street opened higher on Thursday as stronger-than-expected employment data eased concerns about an immediate slowdown in the US economy and reduced expectations of aggressive interest rate cuts. Overnight, Wall Street delivered a mixed performance. The Dow Jones Industrial Average rose 1.14% to an all-time closing high after weaker-than-expected U.S. labour market data strengthened expectations of a less restrictive Federal Reserve. The S&P 500 ended largely unchanged, while a sell-off in semiconductor stocks dragged the Nasdaq down 0.8%.

Asian Market Update:

Asian markets traded on a mixed note on Friday as investors balanced signs of easing inflation in the US against continued weakness in global technology stocks. Japan's Nikkei 225 declined 0.86%, while South Korea's Kospi slipped 0.46%, despite the Dow Jones Industrial Average closing at a record high in the previous session. Australia's ASX 200 outperformed regional peers, gaining 0.54% as strength in mining and financial stocks supported the index.

Commodity Check

Crude oil prices edged lower on Friday as oil shipments through the Strait of Hormuz continued to normalize, easing concerns over global supply disruptions. Investors also monitored ongoing negotiations between the US and Iran aimed at securing a longer-term peace agreement. Brent crude traded above $71 per barrel, while US benchmark West Texas Intermediate (WTI) hovered near $68 per barrel. Both benchmarks remained on track for a fourth consecutive weekly decline, reflecting expectations of improving supply conditions and softer geopolitical risk.

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