Indian equity markets are set to react to escalating tensions between India and Pakistan. Late Thursday evening, Indian air defence units successfully intercepted at least eight missiles launched by Pakistan,

The top gainers on the Nifty included Titan Company, L&T, Bharat Electronics, and Dr. Reddy's Labs. On the losing side were Power Grid Corp, Adani Ports, Eternal, Adani Enterprises, and Asian Paints

Gift Nifty futures were trading at 23,987 as of 6:46 am, which suggests that the Nifty50 could open nearly 1.2% below Thursday's close of 24,273.8.