Nvidia Lifts Tech Stocks Amid Fed Speech and Auction Volatility

Indian equities are expected to start Friday's session on a positive note after two days of losses, with technology stocks leading gains following Nvidia's strong performance. The Nifty futures contract is at 24,262 points at 7:56 am IST.

The broader market remains cautious ahead of Federal Reserve Chair Kevin Warsh's speech at Jackson Hole and the introduction of the closing auction mechanism. This volatility has emerged as exchanges and market participants adjust to the new methodology.

Investors are looking for clues on the US central bank's approach to inflation and interest rates after the Fed kept rates unchanged in July. The policy outlook is crucial for emerging-market assets, including Indian equities, bonds, and the rupee.