Indian shares are set to open higher on Friday, extending gains after snapping a three-day losing run in the previous session following the Federal Reserve’s rate cut, while investors await domestic inflation data due later in the day.

The Gift Nifty futures were trading at 26,130.5 points as of 7:47 a.m. IST, indicating that the benchmark Nifty 50 will open above Thursday’s close of 25,898.55.

Other Asian markets opened higher, rising 0.7%. Overnight, Wall Street rose, with the S&P 500 posting a record closing high, while the US dollar declined in the wake of the Fed’s rate decision and commentary.

The Nifty and Sensex gained about 0.5% each on Thursday, in a broad-based rebound after a three-session slide, while the rupee slumped to a record low on persistent foreign outflows and dela

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