The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,303 level, a premium of nearly 40 points from the Nifty futures’ previous close.

Indian stock market witnessed huge buying sentiment on Friday, taking Sensex higher by 466 points to even near 77,000 mark. Its counterpart Nifty 50 also jumped by nearly 142 points to near 23,350 levels.

Shares of Coforge Ltd. and Persistent Systems Ltd. surged 11% and 12%, respectively on positive third-quarter earnings. Tech sentiments were also buoyed by Trump's push to make the US an AI superpower by having fewer guardrails.

The Nifty 50 tumbled 350 points from the day's high to end the session 0.60% lower at 23,079, concluding the week with a drop of 0.52%. Likewise, the Sensex wrapped up the session with a drop of 0.45%,

The main drivers of the market are IT stocks, even when the broad-based performance is under selling pressure. Consumer durables, realty, oil & gas, media and metal stocks are in deep red. The performance comes after Sensex and Nifty crashed by 2% each in the previous session,

Markets in India are expected to open higher following a strong showing on Wall Street after a lower-than-expected core inflation reading there