India BusinessLiveStock market today: Sensex, Nifty eye higher opening after breaking 7-day losing streak

Indian equities are probable to commence Friday's session on a cautious note, with benchmark indices projected to open slightly higher after breaking a prolonged losing streak in the previous session.

Key points

• Equities staged a solid rebound on Thursday, with the Nifty rising 0.64% to 24, 231.85 and the Sensex gaining 0.82% to 77, 537.72.
• While the Sensex rose 628 points to end at 77, 537.72, the Nifty closed at 24, 231.85 on Thursday after snapping a seven-session losing streak.
• Indian benchmark indices are probable to open slightly higher on Friday, with GIFT Nifty futures at 24, 311.50, indicating a positive start for the Nifty 50.
• Foreign portfolio investors turned net sellers in Indian equities on Thursday, offloading Rs 583 crore after two consecutive sessions of buying.
• Brent crude remained near $94 a barrel on Friday, putting Indian equities under pressure despite the previous session's rebound.

Stock Market Today: Global bond yields remain key market trigger.

Global bond yields remained elevated on Friday, keeping investors cautious despite the previous session's rebound in equities. While the 10-year yield stood around 4.71%, the US 30-year Treasury yield moved back towards 5.25%.

Higher borrowing costs can weigh on corporate valuations and create emerging-market assets relatively less attractive to global investors. Stock Market Today: FPIs turn sellers again, DIIs provide solid backing.

Foreign portfolio investors turned net sellers in Indian equities on Thursday, offloading Rs 583 crore after two consecutive sessions of buying. Domestic institutional investors provided solid backing, with provisional data showing purchases worth Rs 3, 538 crore.

Notably, the contrasting flows could remain an significant factor for the market after the Nifty's seven-session losing streak concluded on Thursday. Stock Market Today: Crude near $94 keeps pressure on Indian equities.

Brent has gained more than 5% this week as uncertainty over the US-Iran conflict and disruptions to oil flows through the Strait of Hormuz fuel reservations concerning global energy supplies. Higher crude rates could rise inflationary pressure and weigh on corporate margins.

Stock Market Today: Nifty breaks seven-session losing streak, Sensex snaps four-day slide.

While the Sensex snapped four consecutive sessions of losses, the Nifty concluded its longest losing streak in almost 11 months.

Though high crude costs remain a key risk, easing global bond yields and buying in IT and financial stocks backed the recovery.

Stock Market Today: GIFT Nifty signals mildly positive opening for Sensex, Nifty.

Nevertheless, elevated crude oil costs and renewed pressure in global bond markets are projected to keep investors cautious.

Benchmark indices are set for a cautious start on Friday after snapping a prolonged losing streak in the previous session. While the Sensex settled at 77, 537.72, with both benchmarks gaining after easing global bond yields revived risk appetite, the Nifty 50 closed at 24, 231.85 on Thursday. Nevertheless, investors remain wary as elevated crude oil costs, persistent geopolitical tensions and renewed pressure in global bond markets continue to cloud the outlook. GIFT Nifty futures were trading at 24, 311.50 at 7: 52 am, indicating a mildly positive opening for Indian equities. While the Sensex snapped four consecutive sessions of losses, the Nifty concluded a seven-session losing streak on Thursday. Both indices are still down around 0.6% for the week. Global cues remain mixed. Asian markets opened higher but were heading for weekly losses as long-term bond yields remained elevated. While the 10-year yield stood around 4.71%, keeping pressure on risk assets and raising borrowing costs, the US 30-year Treasury yield moved back towards 5.25%. Crude oil remains another major concern for Indian markets. As uncertainty over the US-Iran conflict and the Strait of Hormuz continues to threaten energy supplies, brent crude has risen more than 5% this week and was around $93.82 a barrel on Friday. Higher oil rates could rise inflationary pressures and squeeze corporate margins. Foreign portfolio investors turned sellers again on Thursday, offloading equities worth Rs 583 crore after two sessions of buying. Domestic institutional investors, nevertheless, remained robust buyers, investing Rs 3, 538 crore, according to provisional NSE data. Investors will track global bond yields, crude rates, foreign flows and geopolitical developments for further direction. Among stocks to watch are Manipal Health, RailTel, Saatvik Green Energy and Anant Raj.

For now, india BusinessLiveStock market today: Sensex, Nifty eye higher opening after breaking 7 remains the part of the story worth watching, and further updates are likely as more details are confirmed.