The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 24,190 level, a discount of nearly 92 points from the Nifty futures’ previous close.

Indian markets set to open steady, weighing corporate earnings and US rate cut prospects, with Nifty near Thursday's close.

Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1 per cent lower on Friday as investors pared exposure to bank and IT stocks ahead of the earnings season star

The equity benchmark indices continued their upward trend for the second day in a row, with the Sensex rising by 1,436 points to close at 79,944, and the Nifty climbing 446 points to 24,189.