Global equity markets closed higher on Thursday, driven by a broad-based rally in semiconductor stocks and renewed investor confidence in artificial intelligence demand.
The upbeat sentiment across Asian and US exchanges is expected to carry over into the Indian market, with indices poised for a positive open on Friday.
The Gift Nifty, a key pre-market indicator for Indian equities, is trading at a premium, signaling strength for the frontline benchmarks.
This follows a pattern of positive spillover from global markets, where tech-heavy indices have led the charge amid improving risk appetite.
The rally underscores the continued dominance of the AI theme in driving market valuations.
Semiconductor shares, in particular, have benefited from optimism surrounding sustained demand for chips and infrastructure.