Indian markets opened flat on Friday and witnessed selling during the early session. However, many blue-chip stocks have pushed NSE Nifty higher and at the time of publication of this report, NSE Nifty was trading 120 points higher. Market participants are expecting selling at higher levels but if NSE Nifty manages to reach 25,000, we could see bullish moves. US and European stocks were trading positive and Dow Jones touched all-time high on Thursday.

Among major gainers in today’s session were Axis Bank (up by 5.7 percent), ICICI Bank (up by 2.9 percent) and SBI. Eicher Motors and Tata Motors were trading positive today after witnessing selling pressure yesterday. Bajaj Auto and Maruti were both trading negative in today’s session.

Among other gainers were technology major Wipro, TCS and Hindalco.

Among major losers were Infosys Technologies, Britannia, Asian Paints and Hindustan Unilever.

As per the current trend, we can expect NSE Nifty to close positive and the momentum could take indices even higher. The US futures were trading almost flat today while Nasdaq witnessed strong close on Thursday.