India stocks set to open higher on US rate cut hopes
India's equity benchmarks are likely to open higher on Friday, tracking global gains, as softer US jobs data overshadowed a hotter-than-expected inflation reading and bolstered bets for Federal Reserve rate cuts. Gift Nifty futures were trading at 25,194 points as of 07:58 am IST, indicating that the benchmark Nifty 50 will open above Thursday's close of 25,005.5.