The BSE Sensex and NSE Nifty are set to continue their upmove on Friday, tracking firm cues from global peers as ease in geopolitical concerns and rising hopes for Federal Reserve interest-rate cuts this year. The domestic market is also likely to react positively to U.S. President Donald Trump comment that a "very big deal" with India is likely to be signed soon. Trump also said that the US signed a trade pact with China yesterday.

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At 7:55 AM, Gift Nifty Futures were trading higher by 122 points at 25,732, indicating a solid start for the domestic benchmark indices - BSE Sensex and NSE Nifty50.

On Thursday, the Indian equities ended on a strong note, rallying over 1% amid strong buying across banking and auto sectors as the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions, lifted sentiments. The BSE Sensex surged 1,000.36 points, or 1.21%, to close at 83,755.87, while the NSE Nifty50 jumped 304.25 points, or 1.21%, to settle at 25,549. On the other hand, the broader market saw some profit booking, with the Nifty Midcap100 and Nifty Smallcap100 indices sliding by 0.59% and 0.42%, respectively.

On the global front, Asian markets traded higher following positive closing at Wall Street amid growing optimism about rate cut by the U.S. Fed later this year. Equities in Japan, Hong Kong, China, and Australia were trading higher, led by the Nikkei 225 index, which surged over 1.6%.

In the overnight trade, U.S. stocks also ended on a strong note as investors shrugged off   worries about tariffs war, sticky inflation, and global conflict. The S&P 500 index inched close to its all-time high levels by rising 0.8%, while the Nasdaq Composite advanced 0.97%, and the Dow Jones Industrial Average settled 0.94% higher.

Shares of NTPC, UltraTech Cement, HCL Tech, Torrent Pharma, Hitachi Energy India, Power Mech Projects, Associated Alcohols & Breweries, and others will be in focus today.

Shrikant Chouhan, Head Equity Research, Kotak Securities believes the intraday market structure is bullish, but due to temporary overbought conditions, the Nifty  may witness consolidation activity at 25650-25750 levels. “The strategy should be to buy Nifty at the support of 25400/25350 with a stop loss at 25200. On the other hand, between 25650-25750, we can expect profit taking or consolidation.”

For Bank Nifty, it crossed 56800 and quickly moved above 57100 levels, which is positive. Above 57100, it may move towards 57700/58000 levels. Below 56700, it could retest 56500/56400 levels.

India has imposed anti-dumping duties on plastic processing machines that are imported from China and Taiwan for a period of five years, the central board of indirect tax and customs (CBIC) notified on Thursday.

Indian equity benchmarks Sensex and Nifty were swinging between gains and losses as traders booked some profit after a recent rally. At the time of reporting, the 30-share Sensex was up 24 points at 83,779, and the Nifty 50 climbed 11 points to 25,560.

Dixon Technologies shares climbed more than 4 % on Friday after Nomura issued the stock’s most bullish price target on the Street.

JPMorgan turned cautious on L&T Technology Services on Friday, downgrading the stock to ‘Neutral’ from ‘Overweight’ and slicing its 12-month target price by 18 % to ₹4,100. The new target implies roughly 5 % downside from Thursday’s close.

Shares of Jio Financial Services climbed over 5% on Friday after the Securities and Exchange Board of India (Sebi) granted approval for Jio BlackRock Broking to operate as both a stockbroker and clearing member.

The stock extended its winning streak to a fourth consecutive session, gaining more than 12% over the period, as investors responded positively to the regulatory nod seen as a key step in the company’s ambitious expansion into capital markets through its joint venture with global asset manager BlackRock.

The Indian stock market staged a smart recovery after initial flip flops, with benchmark indices Sensex and Nifty rising over 0.3% by mid-session. The BSE Sensex added over 260 points to reclaim crucial level of 84,000, while the Nift50 crossed over 25,600 mark, led by gains in public sector banks and oil & gas-related companies.

The Nifty 50 posted a four-day rally—its first since early December 2024—while the Bank Nifty surged past the 57,300 mark for the first time ever, hitting a record high. A major catalyst for the uptrend has been the steep decline in crude oil prices, which have dropped over 11% this week, offering relief on the inflation and input cost front.

On Friday, the benchmark Nifty 50 climbed to its highest level since September 2024, while banking stocks extended gains. Specialty chemical stocks were also in focus, emerging as some of the most active gainers in the session.

ICICI Bank's board has approved the acquisition of additional 2% stake in ICICI Prudential Asset Management Company, a move that is meant to help ICICI Bank maintain majority shareholding in the subsidiary.

The benchmark Indian equity indices continued their upwards movement for the fourth consecutive session on Friday, driven by firm global cues. The BSE Sensex ended above the 84,000-mark at 84,058.90, up 303.03 points or 0.36%. Similarly, the NSE Nifty 50 added 88.80 points, or 0.35%, to settle at 25,637.80. In the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices climbed 0.27% and 0.91%, respectively.