GIFT Nifty Indicates Gap-Down Open As India-Pakistan Tension Escalates; Titan, L&T In Focus

The GIFT Nifty was trading 0.46%, or 111 points higher at 23,996 as of 6:54 a.m. The index level indicates 277 points lower open for the NSE Nifty from Thursday’s closing level.

In the late hours of Thursday, India neutralised missile attacks at prominent locations in west and north India near the border, the headquarter of army confirmed. Several cities in North and West India are on high alert.

Indian Navy started operation in the Arabian Sea early Friday, NDTV reported. Track live updates on India-Pakistan border tension here.

Market participants will monitor share prices of Titan Co., Larsen & Toubro Ltd., and Biocon Ltd. as they released their fourth quarter earnings.

In the last hour of Thursday’s session, the NSE Nifty 50 and BSE Sensex declined steeply, after the Ministry of Defence said that they negated Pakistan’s missile attack on cities near India’s western and northern borders.

The Nifty 50 ended 140.60 points, or 0.58% down at 24,273.80, and the Sensex ended 411.97 points, or 0.51% lower at 80,334.81.

Stock Market  Live: Citi India Strategy

  • Fourth quarter thus far: EBITDA +6% YoY; Above Subdued Expectations

  • FY26E EPS ests down ~2% since start of the quarter

  • Decent EBITDA growth & ‘beats’ in Commodities (Energy & Materials)

  • Consumer Disc/Staples have reported in-line mid-teens/low-single-digit EBITDA growth

  • IT slightly below ests. with mid-single-digit EBITDA growth

  • Large banks delivered PPOP growth (adj) of ~12% YoY, ahead of expectations

  • December 2025 NIFTY target: 26k (19x) – ~7% upside

Gold Prices Decline For Third Session As Trade War Worries Subsides

Gold future and spot prices declined for third consecutive session as trade war worries subsided following US-UK trade deal and upcoming US-China negotiation. Investors pull out their money from the safe-haven asset to invest it in more riskier assets.

The Gold future was trading 0.26% down at $3,297.44 an ounce, against Thursday’s close of $3,306.00 an ounce. The Bloomberg spot Gold was trading 0.43% down at $3,291.66 an ounce, compared to $3,305.72 an ounce.

Brent Futures Extend Gains To Second Session 

Brent futures extended gains to second session Friday as positive development in trade front spurred hopes of demand outlook improvement. The brent crude was trading 0.33% higher at $63.05 a barrel as of 7:58 a.m., against Thursday’s close of $62.84 a barrel.

In Thursday’s session, July future contract of Brent crude on Intercontinental Exchange rose 2.8%.

Asia Market Update: Nikkei 225 Trades Over 1% On Positive Trade Talks 

Most Asia-Pacific share indices were trading higher Friday morning as US-UK trade deal lit hopes for other countries to negotiate a deal and reduce tariffs. The Nikkei 225 was trading 1.45% higher at 37,256.00 as of 7:48 a.m.

US and Chinese officials are scheduled to meet in the upcoming weekend to negotiate trade terms.

The S&P ASX was 0.46% higher at 8,229.00 as of 7:50 a.m. The Hang Seng was 0.31% higher at 22,819.00, while the KOSPI declined 0.08% to 2,577.4.

US Market Update: S&P 500 Rises To Over One-Month High As US Seals Trade Deal With UK 

US share indices rose Thursday as the country successfully sealed a trade deal with the UK before it begins negotiation with China in the upcoming weekend. President Donald Trump said that, in case, talks go well with China, tariffs will likely be lower.

The S&P 500 rose to the highest level since April 2 briefly during the session, as Bloomberg reported. The S&P 500 ended 0.58% higher at 5,663.94. The Dow Jones Industrial Average and Nasdaq Composite ended 0.62% and 1.07% higher, respectively.

. Read more on Markets by NDTV Profit.The Nifty 50 is likely to open below 23,000, as tension between India and Pakistan increased after the former intercepted missile attacks late Thursday.  Read MoreMarkets, Business, Nation, Notifications 

​NDTV Profit