The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Friday, following weakness in global markets on rising US-China trade tensions. The trends on Gift Nifty also signal a negative start for the Indian stock market today.<\/p>\n
Asian markets traded lower, while the US stock market slipped overnight, as US-China trade tensions intensified.<\/p>\n
On Thursday, the Indian stock market ended with stellar gains, extending its rally for the second consecutive session, with both the benchmark indices jumping a percent each.<\/p>\n
The Sensex<\/a> surged 862.23 points, or 1.04%, to close at 83,467.66, while the Nifty 50 settled 261.75 points, or 1.03%, higher at 25,585.30.<\/p>\n \u201cPositive global cues along with appreciating rupee and hopes of pick up in corporate earnings in the coming weeks aided the rally. However, choppy FII trend remains a major concern as US-India tariff issues coupled with geo-political tension could fuel outflows and weigh on markets,\u201d said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.<\/p>\n Also Read | Stock market today: Eight stocks to buy or sell on Friday<\/a><\/p>\n Here are key global market cues for Sensex today:<\/p>\n Asian Markets<\/p>\n Asian markets traded lower on Friday, following overnight losses on Wall Street amid rising trade tensions. Japan\u2019s Nikkei 225<\/a> fell 1.02%, while the Topix declined 0.83%. South Korea\u2019s Kospi dropped 0.47%, but the Kosdaq rose 0.15%. Hong Kong\u2019s Hang Seng Index futures indicated a lower opening.<\/p>\n Gift Nifty Today<\/p>\n Gift Nifty was trading around 25,622 level, a discount of nearly 34 points from the Nifty futures\u2019 previous close, indicating a mildly negative start for the Indian stock market indices.<\/p>\n Wall Street<\/p>\n US stock market ended lower on Thursday, weighed down by selling in financial stocks, and as emerging credit crisis and US-China trade tensions dampened investor risk-appetite.<\/p>\n The Dow Jones Industrial Average declined 301.07 points, or 0.65%, to 45,952.24, while the S&P 500 dropped 41.98 points, or 0.63%, to 6,629.08. The Nasdaq Composite closed 107.54 points, or 0.47%, lower at 22,562.54.<\/p>\n Nvidia share price gained 1.10%, Advanced Micro Devices shares fell 1.69%, Apple stock price declined 0.76%, while Tesla stock price dropped 1.47%.<\/p>\n Also Read | Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy<\/a>Trump-Putin Meet<\/p>\n US President Donald Trump and Russian President Vladimir Putin agreed to another summit on the war in Ukraine. Trump and Putin may meet within the next two weeks in Budapest, the US president said, after a more than two-hour phone conversation he called productive.<\/p>\n US Federal Reserve<\/p>\n US Fed Governor Christopher Waller said he is on board with another interest rate cut at the US central bank\u2019s meeting later this month. Stephen Miran, the Fed\u2019s newest governor, reiterated support for more aggressive rate cuts at upcoming meetings than the one favored by some of his colleagues.<\/p>\n Infosys Q2 Results<\/p>\n Infosys Q2 net profit rose 6.4% QoQ to \u20b97,365 crore, while revenue grew 5.2% QoQ<\/a> to \u20b944,490 crore. Revenue in dollar terms grew 2.7% QoQ to $5,076 million. EBIT increased 6.35% QoQ to \u20b99,353 crore, while EBIT margin improved by 20 bps QoQ to 21%.<\/p>\n The IT giant increased its constant currency revenue growth guidance for FY26 to between 2% to 3% from 1% to 3%. It maintained operating margin guidance of 20% – 22% for FY26. Infosys also declared a dividend<\/a> of \u20b923 per share, and the dividend record date has been fixed as October 27, 2025.<\/p>\n Wipro Q2 Results<\/p>\n Wipro reported a consolidated net profit of \u20b93,246 crore in Q2FY26. IT services revenue rose 2.5% QoQ to \u20b922,641 crore. Revenue in dollar terms grew 0.6% QoQ to $2,604.3 million, while CC revenue growth was 0.3% QoQ. IT services EBIT increased 6% QoQ to \u20b93,783 crore, while IT EBIT margin improved by 50 bps QoQ to 16.7%.<\/p>\n