Positive. Sensex and Nifty expected to open slightly higher despite weak global cues.

Gift Nifty futures suggest a positive start for Indian markets despite weak global cues. Stock-specific action expected with earnings releases and anticipation for Union Budget 2024-25. Companies like Bharat Petroleum, JSW Steel, Reliance Industries, UltraTech Cement, and Wipro to report quarterly results today. Foreign institutional investors bought Rs 5,483.63 crore worth of shares, while domestic institutional investors sold Rs 2,904.25 crore. Sensex and Nifty hit record highs on Thursday, led by IT stocks. Asian markets lower, following U.S. stocks. Dollar index slightly up, gold and oil prices down.

U.S. stocks decline on tech losses and trade tension fears with China. Regional manufacturing activity improves, but jobless claims rise above expectations. Dow falls 1.3%, Nasdaq slides 0.7%, S&P 500 drops 0.8%. European stocks mixed as U.K. wage growth slows, ECB hints at rate cut in September. STOX 600 down 0.2%, DAX falls 0.5%, CAC 40 and FTSE 100 up 0.2%.

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