Indian equities are likely to open higher on Friday, following global cues. Investors are going to track crude oil prices, the dollar–rupee movement, and the effect of Trump tariffs. Early trends from Asian markets suggest a positive start, with metals, infrastructure, and IT sectors set to influence initial trading. The GIFT Nifty was around 24,673.50, up 0.19%, indicating a higher opening on Dalal Street.
The Indian stock market slipped for the second consecutive session on August 28. The Sensex dropped 705.97 points, or 0.87%, to close at 80,080.57, while the Nifty declined 211.15 points, or 0.85
Key global and domestic cues to know on August 29, 2025
Asian Markets
Markets across the Asia-Pacific region indicated a mixed trend on Friday. Japan’s Nikkei 225 fell 0.31%, while the Topix dropped 0.39%. In South Korea, the Kospi rose 0.31% and the Kosdaq climbed 0.76%. Australia’s S&P/ASX 200 moved up slightly by 0.11%.
US markets
US equity markets ended higher on Friday, with all three major indices posting gains. The S&P 500 rose 0.32% to 6,501.86. The Nasdaq Composite gained 0.53% to close at 21,705.16, while the Dow Jones Industrial Average added 71.67 points, or 0.16%, finishing at 45,636.90.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.09% up at 97.99 on Friday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depriciated 0.08% to close at 87.62 to the dollar on August 28.
Crude Oil
Oil prices edged lower in early trade, with WTI crude down 0.61% at $64.21 per barrel and Brent crude slipping 0.67% to $67.52.
FII, DII data
Foreign investors pulled out Rs 3,857 crore from Indian equities on Thursday, while domestic institutional investors stepped in, making net purchases worth Rs 6,920 crore, as per provisional exchange data.
Gold rate today
Gold prices were higher in early Friday’s trade. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 1,02,610, while 22-carat gold costs Rs 94,060. For those preferring 18-carat gold, the price is Rs 76,960 for the same weight.
Top sectors in Thursday’s trade
In Thursday’s trade, Gems and Jewellery stocks led the gains with a 1.26% rise in market value. They were followed by Paints and Pigments, and then Electric Equipment shares. Sugar stocks also saw some traction, while Tyres came in just behind the Infrastructure space. On the other hand, Transport sector stocks saw the sharpest decline of the day.