Indian Shares Seen Tad Higher At Open

(RTTNews) - Indian shares are seen opening a tad higher on Friday after a recent string of losses. That said, heightened risk aversion due to geopolitical tensions, tariff-related concerns and continued foreign portfolio outflows may lead to volatility as the session progresses.

Benchmark indexes Sensex and Nifty fell around 1 percent each to extend losses for a fourth consecutive session on Thursday after reports emerged that U.S. President Donald Trump has okayed a bipartisan bill that could impose up to 500 percent tariffs on nations that knowingly purchase Russian oil or uranium and "fuel Russian President Vladimir Putin's war machine".

Also, the U.S. has pulled out from all major climate-linked global bodies, including India-headquartered International Solar Alliance (ISA), raising concerns the move will have implications for global climate policy, energy security, and international partnerships.

The rupee fell 7 paise to settle at 89.94 against the U.S. dollar despite active intervention by the RBI to bolster the currency.

FIIs net sold shares worth Rs 3,367 crore on Thursday, while domestic institutional investors net bought shares to the extent of Rs 3,701 crore, as per provisional data on exchanges.

Asian markets were mostly higher in cautious trade this morning as investors braced for the release of all-important U.S. jobs data as well as a Supreme Court ruling on the legality of President Donald Trump's sweeping tariffs.

The jobs report will offer additional clues on the Federal Reserve's path for interest rates, with markets currently pricing in at least two quarter-point cuts in 2026.

The dollar traded higher as the U.S. Senate advanced a resolution aimed at curbing Trump's ability to take further military action against Venezuela.