Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Friday tracking mixed cues from global markets and sustained FII outflows.The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index.

The market, having consolidated for the past few weeks, is expected to be driven by earnings performances due to a lack of other significant triggers.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. NIfty 50 closed at 24,749.85, while Sensex ended at 81,006.61. Overnight, Wall Street indices Dow Jones closed at a new record high,

BSE Sensex ended the day with the decline of 494 points to 81,006 and Nifty fell 221 points to 24,749 on. Nifty Bank fell by 512 points to 51,288 and Nifty Midcap slipped 985 points to 58,465 on. IT stocks witnessed rally in trade today.

China's mainline CSI 300, Shanghai, and Hong Kong's Heng Seng were down over 1 per cent in trade as the housing policy briefing in China failed to excite investors and property stocks slumped.

The Sensex and the Nifty 50 declined for the second day due to weak global cues and disappointing Q2 earnings.

The Dow Jones Industrial Average advanced on Thursday to its fourth record close in the last five sessions, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and TSMC's upbeat forecast buoyed chipmakers' stocks.

GIFT Nifty traded down by 139.50 points or 0.56% at 24,720.50 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Shares in the Asia-Pacific region are trading in mixed territory on Friday morning.

Sensex Today | Stock Market LIVE Updates | Domestic markets fell for the third straight session due to widespread selling. The release of rising domestic inflation data this week and ongoing foreign institutional investor (FII) selling negatively impacted market sentiment.