Market Update

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a steady opening on Friday, tracking weakness in global markets, as investors remain cautious over the rising crude oil prices and the selloff in semiconductor stocks. The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,098 level, a premium of nearly 2 points from the Nifty futures’ previous close. On Thursday, the Indian stock market ended flat, with the benchmark Nifty 50 holding above 24,000 level. The Sensex ended 1.44 points higher at 77,186.87, while the Nifty 50 settled 5.75 points, or 0.02%, lower at 24,072.75.