Indian equity markets traded higher in early trade on Friday, with Sensex and Nifty gaining around half a per cent as IT and auto stocks advanced. Analysts expect a range-bound market amid global uncertainties and FII selling.
Asian stock markets witnessed mixed trends; notably, Tokyo's Nikkei 225 index hit a new record high on Monday, following US stocks reaching fresh highs at the end of the previous week.
Global oil prices eased on Friday after signals from the United States government suggested a potential relaxation of sanctions on Iranian crude oil, a move that could increase supply and calm tight energy markets. The fall comes amid broader efforts to ease geopolitical tensions in the Middle East, which have been a major driver of.