The Indian stock market is expected to open higher amid mixed global cues. The Sensex and Nifty paused their rally but foreign investors have shifted to net buyers. Analysts recommend a 'buy-on-dips' strategy with key support and resistance levels.

US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

Reliance Industries, the second heaviest-weighed stock in the Nifty 50, gained 2.5%. Most Adani group stocks, too, rose at the open

Indian stock market looks set for solid gains as BJP-led alliance wins in Maharashtra assembly elections. Gift Nifty indicates a 301-point rise. Strong Friday gains push Nifty above 200DMA, signalling a positive trend and potential rally if it stays above 23,

The 30-share Sensex fell 105.79 points or 0.13 per cent, settling at 80,004.06. During trading, it dropped 311.18 points or 0.38 per cent to 79,798.67. The NSE Nifty decreased by 27.40 points or 0.11 per cent to 24,

Meanwhile, the NSE Nifty 50 index rose by more than 100 points, or 0.5%, to reach 24,340. “The two-day rally in the market is unlikely to be sustained, as earnings concerns remain a significant headwind.

The Nifty 50 ended the session with a modest drop of 0.11%, closing at 24,194 points, while the Sensex also posted a slight loss of 0.13%, settling at 80,004 points.