Indian shares are set to open higher on Friday following positive cues from Wall Street and expectations of more interest rate cuts by the Fed. Asian stocks are also trading higher, boosted by Chinese stimulus measures. The BSE Sensex and NSE Nifty reached record-high closing levels on Thursday amid optimism from Federal Reserve officials and falling oil prices. The likelihood of a 50-bps rate cut in November remains high. In corporate news, KEC International raised over Rs 870 crore through a share placement, while Biocon signed a licensing agreement with Tabuk Pharmaceutical and Adani Green Energy completed a 1,150 MWac joint venture with TotalEnergies.

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