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.