The Indian stock market indices, the Sensex and the Nifty50, are anticipated to open lower on Friday, following declines in the global markets. The trends on the GIFT Nifty also indicate a subdued start for the Indian benchmarks. The GIFT Nifty was trading near 25,262, roughly 12 points below the previous close.

On Thursday, the Sensex rose 398 points to close at 82,172, while the Nifty50 gained 135 points to finish at 25,182.

Ponmudi R., CEO of Enrich Money, a Sebi-registered online trading and wealth tech firm, says, “IT sector stocks will remain under focus after Tata Consultancy Services came out with its September quarter earnings, announcing major investments into futuristic technologies.”

“While TCS’s  quarterly results were largely in line with expectations, the real catalyst for sentiment was its announcement of a new entity dedicated to building world-class AI infrastructure,” he added.

By setting up multiple AI and sovereign data centres to deliver technology-enabled services—and aiming to become the world’s largest AI-led technology services company—TCS has reassured investors that it is not only keeping pace with the global AI race but positioning itself at the forefront.

According to analysts, this strategic move is expected to ease concerns about domestic IT lagging in AI adoption and signals the company’s strong commitment to building futuristic, innovation-driven capabilities.

TCS’s bold initiative is expected to spark anticipation across the markets that other IT firms will soon unveil similar initiatives aimed at advancing AI infrastructure and staying competitive in the evolving tech landscape.

Technical outlook

Ponmudi R. says the Nifty50 is approaching a crucial inflection zone; a breakout above 25,220 could trigger fresh momentum towards 25,300–25,400, confirming the start of a directional move after days of consolidation. The 25,100–25,000 support band remains firm, suggesting that buyers are quietly building strength beneath the surface.

The Bank Nifty is also at a turning point, with slope resistance around 56,300 holding the key. “A sustained close above this level can accelerate gains towards 56,500–57,000, while the 55,800–56,000 zone continues to offer a solid demand base, keeping the tone mildly bullish,” added Ponmudi R.