Analysts expect Sensex and Nifty 50 to open higher on Friday, tracking gains in overnight global markets. Asian markets traded in the green, while the US stock market rallied overnight, with the S&P 500 closing at a record high.

However, on Thursday, the Indian stock market posted modest gains as optimism over GST reforms lifted sentiment, though concerns about persistent US tariffs capped the upside.

Domestic Market Recap

On Thursday, Indian indices closed in the green:

• Sensex gained by 150.30 points (0.19%) to close at 80,718.01
• Nifty 50 moved up by 19.25 points (0.08%) to settle at 24,734.30

Gift Nifty

Gift Nifty was trading near 24,883, around 55 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Wall Street Performance

The US stock market closed higher on Thursday, with the S&P 500 setting a new record at the close.

• The Dow Jones Industrial Average gained by 350.06 points (0.77%) to close at 45,621.29.
• S&P 500 up by 53.82 points (0.83%), ending at 6,502.08.
• The Nasdaq Composite was trading higher by 209.97 points (0.98%), finishing at 21,707.69.

Crude Oil Prices

• Brent crude dropped by 0.27% to $66.81/barrel
• US West Texas Intermediate (WTI) crude was trading 0.24% lower at $63.33/barrel

Gold Prices

• Spot gold was trading up by 0.2% at $3,552.66/oz 

Overnight Major Global Events Driving Sentiment

1. Trump Tariffs: US President Donald Trump signed an executive order to implement the U.S.-Japan trade agreement, cutting tariffs on Japanese autos from 27.5% to 15%. The order also capped tariffs on many other goods at the same 15% level.
2. Japan Household Spending: Japan’s household spending rose 1.4% year-on-year in July, missing market expectations of a 2.3% increase. On a seasonally adjusted basis, spending climbed 1.7% from June.
3. US Jobless Claims: New applications for US jobless benefits rose more than expected last week. Initial claims increased by 8,000 to 237,000 for the week ending August 30, compared with economists’ forecast of 230,000.

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