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India's equity benchmarks are set to open marginally higher on Friday, with focus on information technology stocks after Tata Consultancy Services, the country's No. 1 software services firm, posted better-than-expected second-quarter revenue.
Gift Nifty futures were trading at 25,245 points as of 7:49 a.m. IST, indicating that the benchmark Nifty 50 will open above Thursday's close of 25,181.8.
Nifty 50 has risen in five of the past six sessions, gaining 2.3%, led by about 6% rally in IT stocks.
The sector will remain in focus after TCS beat September-quarter revenue estimates, driven by strength in its banking, financial services and insurance (BFSI) segment.
The company said it expects stronger growth in the second half of