GIFT Nifty jumped about 110 points on renewed Iran US peace talk hopes, lifting market sentiment after recent weakness. Traders are now watching whether positive global cues can help Nifty 50 reclaim 24,000 on Monday, despite ongoing pressure from IT-led selling that has contributed to the pullback.
Indian markets are expected to start higher on Friday, with Gift Nifty indicating a positive opening for Nifty 50 and Sensex. The outlook comes even as crude oil prices spike and US-Iran tensions intensify in the Middle East, creating a volatile backdrop. Traders will now watch how global cues and risk sentiment balance at open.
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