Indian equity benchmarks are poised to extend their winning streak into a third consecutive session, with the Gift Nifty indicating a positive start for Friday's trading.
The pre-market indicator traded at a premium of nearly 105 points above the previous close, signaling broad-based buying interest ahead of the opening bell.
The optimistic sentiment follows a sharp recovery in the information technology sector, which helped drive the BSE Sensex above the 77,400 mark and the Nifty 50 higher by 150 points on Thursday.
The optimistic sentiment follows a sharp recovery in the information technology sector, which helped drive the BSE Sensex above the 77,400 mark and the Nifty 50 higher by 150 points on Thursday.
After four days of heavy selling, technology stocks staged a notable rebound, supported by a rally in US tech shares overnight.
Falling crude oil prices also contributed to the broader market relief, reducing input cost pressures for domestic corporates.
Investor caution regarding a broader escalation in the US-Iran conflict appears to have receded, allowing risk appetite to return to emerging markets.