Indian equity markets are indicated to open on a positive note on Friday, supported by modest gains in GIFT Nifty. However, mixed global market cues are expected to keep investors cautious. Market participants will also track key corporate developments and quarterly performance-related stocks during the session.
On NSE IX, GIFT Nifty was trading 22.5 points, or 0.09%, higher at 24,117.50, indicating a positive opening for domestic equities. Market participants, however, expect volatility to persist through the trading session due to global cues and a cautious investor approach.
In the previous trading session, weekly expiry in the derivatives segment resulted in sharp intraday volatility in the Sensex and other benchmark indices. Investors are expected to continue monitoring both domestic and international factors.
US equity markets ended with mixed performance on Thursday. Selling pressure in semiconductor stocks weighed on the Nasdaq Composite and the S&P 500, while ber-than-expected US economic data and improved second-quarter corporate earnings provided some support to the broader market.
Analysts said investors continue to question the elevated valuations of companies linked to artificial intelligence (AI), leading to profit booking in the technology sector.
Asian equity markets also traded lower on Friday following weakness in US markets. Selling in chip stocks and concerns over the outlook for the AI sector affected investor sentiment across the region. Meanwhile, global crude oil prices moved higher, remaining an important factor for energy companies and import-dependent economies.
Maruti Suzuki India said it will challenge an order issued by the Raipur District Consumer Disputes Redressal Commission directing the company to replace a customer's vehicle with a new E20-compatible vehicle. The matter relates to fuel compatibility and consumer rights.
ITC expressed a positive outlook for the second half of FY2026. The company said the upcoming festive season, increasing demand for premium products, improving consumer spending in rural and urban markets, and rising popularity of health-focused food products could support its food business.
ACME Solar Holdings announced that it has secured a long-term project financing facility of ₹2,646.64 crore from government-owned financial institution REC Limited. The funding will be used for the development and construction of a 450 MW/1800 MWh Assured Peak Power Project, which combines solar power generation with a battery energy storage system to provide more reliable and demand-based power supply.
Prestige Estates Projects reported that its sales bookings declined 46% year-on-year to ₹6,579.3 crore in the first quarter of the current financial year. The company attributed the decline to a high base effect, noting that the corresponding period of the previous financial year recorded record pre-sales following major project launches in the Delhi-NCR region.
