Indian equity benchmarks are poised to open higher on Friday, tracking a positive signal from GIFT Nifty futures which stood at 24,414 in early trading.
The forward indicator suggests a rebound for the Nifty 50, which closed at 24,175.7 on Thursday, as investors digest a softer-than-expected US jobs report.
The labor data has eased concerns about a near-term interest rate increase by the Federal Reserve, improving risk appetite for emerging markets.
With the threat of further tightening receding, capital flows into Indian equities are likely to find support from the more dovish policy outlook in the US.
This development follows a positive start earlier in the week, when the Nifty 50 rose 0.44% and the Sensex added 360.85 points to trade at 77,163.75.
The current move extends that momentum, driven by the shift in investor sentiment regarding global monetary policy.