India’s equity markets are expected to open with minimal changes on Friday, signaling a pause after three consecutive days of gains. The recent rally was fueled by U.S. policy easing and advancements in trade negotiations between New Delhi and Washington. As of 07:52 a.m. IST, Gift Nifty futures were trading at 25,466 points, suggesting the benchmark Nifty 50 (.NSEI) would open close to its 10-week high of 25,423.6 reached on Thursday. Over the past three sessions, the Nifty 50 index climbed 1.4%, while the BSE Sensex (.BSESN) surged 1.5%, driven by U.S. rate cuts and optimism surrounding India-U.S. trade talks. India’s chief economic advisor, V. Anantha Nageswaran, hinted on Thursday that the U.S. might soon eliminate punitive tariffs on Indian imports and reduce reciprocal tariffs to 10%-15% from the current 25%. Foreign portfolio investors (FPIs) also contributed to the market’s upward trajectory, purchasing shares worth 3.67 billion rupees ($41.6 million) on Thursday, marking their fifth buying session in the last eight. In corporate news, Adani group companies are in the spotlight after India’s market regulator dismissed allegations of stock manipulation by U.S. short-seller Hindenburg Research. Additionally, mining firm Vedanta (VDAN.NS) has been named the ‘preferred bidder’ for a manganese block in Andhra Pradesh.