Stocks set for gains as TCS lifts market; Nifty eyes higher open
Stocks set for gains as TCS lifts market; Nifty eyes higher open
Indian markets edge higher at the open after solid TCS results, with Nifty futures nudging 23,900 as investors weigh US–Iran tensions and oil risks.
Indian benchmark indices are poised for a positive start on Friday as investors digest better-than-expected quarterly results from Tata Consultancy Services. While the mood remains cautious due to ongoing geopolitical tensions, the immediate cue from TCS is helping risk appetite.
Nifty futures on the NSE International Exchange were up about 53.20 points, or 0.22%, at 23,914.50, signaling a higher opening for the broader market. Asian peers also showed gains, though upside was capped as traders weighed the durability of the US–Iran ceasefire.
On Wall Street, benchmarks closed higher on yesterday's session as talks toward a peaceful resolution in the Middle East eased some concerns. The market mood reflected optimism that a sustained truce could support global risk appetite in the near term.
Oil prices rose in early Friday trade, driven by attacks on energy infrastructure in the region and the ongoing Strait of Hormuz disruption, adding to the risk premium in global markets.
Analysts caution that while near-term indicators point to a potential rally, sustained upside will depend on clarity around the US–Iran situation and wholesale fund flows. Market sentiment remains sensitive to geopolitical headlines and crude prices.
