India’s Nifty and Sensex eye a positive open, extending its recovery into Friday.

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• India’s Nifty and Sensex eye a positive open, extending its recovery into Friday.
• Nifty and Sensex rose on Thursday amid global market optimism, encouraging Indian trade data.
• All eyes are on the US PPI and Consumer Sentiment data for Friday’s moves in Nifty and Sensex.

The Sensex 30 and Nifty 50, India’s key benchmark indices, are set to open on a firmer footing on Friday, having ended Thursday in the green. The Indian indices are expected to track the positive close on Wall Street and European stocks. The advance in their Asian counterparts could also lend support.

Gift Nifty, formerly known as SGX Nifty, is down 0.08% early Friday. But Nifty and Sensex are likely to shrug off the negative cues from the lead indicator.

The National Stock Exchange (NSE) Nifty 50 index finished 0.40% higher on the day at 21,927 while the Bombay Stock Exchange (BSE) Sensex 30 also gained 0.40% on Thursday to settle at 72,091.61. The focus now remains on the upcoming US economic data, including the top-tier Retail Sales report.

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