Indian share market are set to open higher on Friday, taking cues from overnight gains on Wall Street and firm trading across Asian markets. However, persistent uncertainty surrounding the U.S.-India trade deal and a subdued start to the earnings season may weigh on investor sentiment.

At 8:05 AM, GIFT Nifty futures were trading 35 points higher at 25,183, indicating a positive opening for the Sensex and Nifty.

On Thursday, Indian benchmark indices closed lower on the weekly expiry day amid uncertainty around the proposed India-U.S. trade deal. The BSE Sensex declined by 375.24 points, or 0.45%, to close at 82,259.24, while the NSE Nifty50 slipped 100.6 points, or 0.4%, ending the session at 25,111.45. The broader market also ended in negative terrain, with the Nifty MidCap 100 index falling by 0.27%, while the Nifty SmallCap 100 declined 0.18%.

U.S. stocks hit fresh record highs on strong earnings, macro data

In overnight trade, Wall Street ended on a strong note, with key benchmark indices climbing to fresh all-time highs, buoyed by robust corporate earnings and encouraging economic data. The S&P 500 rose 0.54% to close at a record high, while the tech-heavy Nasdaq Composite advanced 0.75%, marking its tenth record close of 2025. The Dow Jones Industrial Average also gained 0.52%.

Investor sentiment was lifted by upbeat weekly jobless claims and June retail sales data, both indicating resilience in the U.S. economy. Among individual movers, PepsiCo shares jumped over 7% after the company reported better-than-expected earnings, while United Airlines also rallied 3% following a strong June-quarter earnings beat.

Asian markets follow Wall Street higher

Share markets in the Asia-Pacific region were trading mostly higher on Friday, tracking overnight gains in U.S. stocks following strong economic data that eased concerns about the world’s largest economy. Investor sentiment was further supported after U.S. President Donald Trump denied reports of plans to remove Federal Reserve Chair Jerome Powell, alleviating worries about the potential implications for central bank independence and future monetary policy.

Hong Kong’s Hang Seng, Indonesia’s Jakarta Composite, and Taiwan’s Weighted Index rallied over 1% each, while China’s Shanghai Composite and Singapore’s Straits Times rose up to 0.4% in early trade. Australia’s ASX 200 was also up by over 1% in the final hour of trade.

On the other hand, Japan’s Nikkei 225 and South Korea’s Kospi were down by 0.4%.

Stocks to watch

Q1 results: Reliance Industries, JSW Steel, Hindustan Zinc, Indian Overseas Bank, L&T Finance, Bandhan Bank, Aarti Drugs, Atul, IndiaMART InterMESH, Mahindra EPC Irrigation, Mastek, Mangalore Refinery and Petrochemicals, and Indosolar are set to release their June quarter results today.

Wipro: The IT major reported a 9.9% year-on-year (YoY) rise in consolidated profit to ₹3,336.5 crore, while revenue grew 0.8% to ₹22,134.6 crore.

Axis Bank: The private lender posted a 3.8% decline in standalone net profit to ₹5,806.1 crore, while net interest income (NII) increased marginally by 0.8% to ₹13,559.8 crore.

Indian Hotels Company: The hospitality arm of Tata group saw its net profit rise 19.3% to ₹296.4 crore, while revenue grew 31.7% to ₹2,041.1 crore.

Jio Financial Services: The Reliance Industries-back company reported a 3.8% growth in consolidated net profit to ₹324.7 crore, while revenue surged 46.6% to ₹612.5 crore.

LTIMindtree: The L&T group company saw a 10.6% increase in consolidated net profit to ₹1,254 crore, while revenue grew 7.6% to ₹9,840.6 crore.

Tata Communications: The Tata group company recorded a sharp 42.9% fall in profit to ₹190.1 crore, even as revenue rose 6.6% to ₹5,960 crore. The board approved fund-raising through issuance of NCDs worth up to ₹1,000 crore.

Nuvoco Vistas Corporation: The company posted a strong turnaround in profit, rising to ₹133.2 crore from ₹2.84 crore a year ago.

360 ONE WAM: The firm reported a 16.8% jump in consolidated profit to ₹284.7 crore, with revenue up 7.3% at ₹911.5 crore.

Sunteck Realty: The real estate firm’s profit grew 46.7% to ₹33.4 crore, despite a 40.5% drop in revenue to ₹188.3 crore.

Shoppers Stop: The apparel retailer narrowed its consolidated loss to ₹15.74 crore from ₹22.72 crore, with revenue rising 8.6% to ₹1,161.1 crore.

Route Mobile: The company reported a 27.6% decline in net profit to ₹58.8 crore and a 4.8% fall in revenue to ₹1,050.8 crore. CEO Gautam Badalia resigned, effective July 17.

Bajaj Auto: Its subsidiary, Bajaj Auto Credit, received board approval for raising funds via NCDs up to ₹5,000 crore, commercial papers up to ₹3,000 crore, and subordinated debt (Tier-2) up to ₹750 crore.

Mahindra Logistics: The board of the company has approved the terms of its rights issue, aiming to raise up to ₹749.27 crore at a floor price of ₹277 per share.

Lupin: The US FDA inspected Lupin’s Pithampur Unit-3 and Unit-2 manufacturing facilities. Unit-3 inspection concluded with 3 Form 483 observations, while Unit-2 received 4 observations.

Tracxn Technologies: The company raised its share buyback price to ₹75 from ₹70 per share.

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