Indian benchmark indices opened on a flat note and traded in a choppy, volatile range throughout the session amid the monthly Sensex expiry. From short term perspective, analysts say the index to head towards the key resistance area of 24,500-24,600 levels being the confluence of the current month high and the high of April 2026.

STATE OF THE MARKETS

GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 68 points, or 0.28 per cent, at 24,431, signaling that Dalal Street was headed for a positive start on Friday.

Tech View: Sentiment is likely to remain positive in the short term, with the potential to rise towards 24,500. On the lower end, immediate support is placed at 24,200, below which the index might lose its current momentum.

India VIX: India VIX, which is a measure of the fear in the markets, rose 1.2% to settle at 12.16 levels.

Read Also: Ahead of Market: 10 things that will decide stock market action on Friday

South Korean stocks posted a record intraday gain, lifting Asian shares as investors renewed bets on the artificial intelligence trade after this week’s rout. The yen weakened, giving back some of Thursday’s intervention-driven gains.

S&P 500 futures rose 0.3% as of 9:37 a.m. Tokyo time

Hang Seng futures rose 0.5%

Japan’s Topix rose 1.9%

Australia’s S&P/ASX 200 rose 0.5%

Euro Stoxx 50 futures rose 0.5%

Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft soaring after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure.

The Japanese yen came under renewed pressure on Friday after soaring in the previous session as Tokyo intervened in the currency markets before the Bank of Japan's policy decision.

Stocks in F&O ban today

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Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

Foreign portfolio investors net bought shares worth Rs 3,623 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 1,864 crore.

The Indian rupee closed nearly flat on Thursday as pressure from sustained volatility in oil prices and corporate dollar demand was blunted by likely central bank intervention that helped the currency hold clear of the psychologically key 96 level.