The Nifty 50 index was up by 113.25 points at 24,657.05, while the Sensex was up 303.46 points to 80,882.99.

Indian markets remained volatile on Friday, with both marquee indices trading in the red. The Nifty hovered around 24,700, while the Sensex dipped below 81,100. If losses persist, this could mark the fifth straight week of decline and a weak start to August. Textile stocks like Gokaldas Exports and Pearl Global dropped over 1.5% after President Trump announced tariff cuts on Bangladesh, raising competitive pressures. The FII long ratio has fallen to 10%, its lowest since April 2023—a level that previously preceded market rebounds. Earnings-driven movements continued in stocks such as Coal India, City Union Bank, and PB Fintech. All eyes are also on ITC, which is set to report results later today, potentially influencing market sentiment further.