Market Outlook

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Friday, tracking weak cues from global markets, amid worries over escalating US-Iran war. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,295 level, a discount of nearly 87 points from the Nifty futures’ previous close. On Thursday, the Indian stock market ended lower amid profit booking, with the Nifty 50 holding above 24,300 level.