Market Update

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Friday, tracking mixed global market cues. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 24,000 level, a discount of nearly 192 points from the Nifty futures’ previous close. On Thursday, the Indian stock market ended higher, extending its rally for the fifth straight session, with the benchmark Nifty 50 closing above 24,100 level. The Sensex rallied 254.36 points, or 0.33%, to close at 77,409.98, while the Nifty 50 settled 82.30 points, or 0.34%, higher at 24,168.00.