Indian equities took a breather after a seven-day rally, with Nifty ending 82 points lower as investor sentiments turned cautious amid mixed global cues. Going forward, global market cues and Q4 corporate earnings would be the key drivers for the market.

GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 126 points, or 0.52 per cent, at 24,516.50 signaling that Dalal Street was headed for positive start on Friday.

US stocks end higher

U.S. stocks closed higher on Thursday, rallying for a third straight day with a solid boost from technology shares as investors parsed a mixed bag of corporate earnings and watched for signs of progress in the U.S.-China tariff stand-off.

◦ Dow up 1.23%,

. S&P 500 gains 2.03%,

◦ Nasdaq rises 2.74%

Asian shares rise

Asian shares rose at the open Friday after optimism about the Federal Reserve cutting rates sooner than anticipated powered a rally in US stocks and Alphabet Inc. reported solid earnings.

◦ S&P 500 futures rose 0.3% as of 9:17 a.m. Tokyo time

◦ S&P/ASX 200 futures rose 0.9%

◦ Japan's Topix rose 1.2%

◦ Euro Stoxx 50 futures rose 0.5%

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