New Delhi [India]: Indian stock indices opened higher on Friday after falling in five consecutive sessions, mainly due to fresh accumulation of stocks by investors after the latest decline, although analysts expect the Lok Sabha election result to be the key factor. Caution will continue first. Investors should keep in mind that at the time of filing of this report, Sensex and Nifty were up 0.7 percent at 74,389.35 and 22,641.85 respectively. US stocks closed lower on Thursday, with the Nasdaq falling more than 1 percent. As of Thursday, risk aversion continued in Indian stocks. After rallying over the past few weeks, markets faced some resistance this week, with Indian benchmark indices seeing selling pressure ahead of the final phase of the Lok Sabha elections.The latest fall was partly due to profit-booking by investors at higher levels to avoid any potential risk in the market ahead of the Lok Sabha election results. Barring this week, Indian stock indices continued their rally and led the strong global market. Tracked to new lifetime high. The signal, apart from other strong macroeconomic fundamentals, boosts expectations of Prime Minister Narendra Modi's comfortable return to office. In the last two weeks, on a cumulative basis, Sensex jumped over 3,60 points, now it is expected that further upside will depend on the cues from Exi poll estimates and Q4 India GDP data. There will be a bullish move based on exit poll results tomorrow evening, said VK Vijayakumar, chief investment strategist at Geojit Financial Services. On the other hand, if exit polls indicate an unfavorable trend from the market perspective, the downside could intensify again.and fast. It is now expected that further moves will depend on signals from Exi Poll, various macroeconomic data coming during the next week, India's fourth quarter GDP and US inflation data. Hedged Approach,” Sai Ajit Mishra – SVP, Research, Religare Broking Ltd.