Indian equity markets are poised to open higher on Friday, driven by a combination of positive global sentiment and renewed foreign institutional buying.
GIFT Nifty futures, a key indicator for the opening direction of Indian benchmarks, were trading at 24,420.5, signaling a gap-up start for domestic indices.
The upward momentum is being supported by a rebound in Asian markets and strong overnight performance in the United States.
Positive sentiment from Wall Street is expected to offset broader weakness seen across other Asian equity regions, providing a supportive backdrop for Indian stocks.
Domestic fundamentals are also contributing to the bullish outlook.
Strong corporate earnings reports from major Indian companies have bolstered investor confidence, while foreign portfolio investors have returned to the market, adding liquidity and demand for blue-chip equities.