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The market is expected to open lower and remain volatile on Friday following mixed cues from global markets. Stocks in the Asia-Pacific region fluctuated in early trade on Friday after the conflict between Iran and Israel escalated, with US President Joe Biden weighing to support further Israeli strikes. Major U.S. stock indexes closed lower Thursday as investors await tomorrow's highly anticipated jobs report, while oil prices continued surging amid concerns about conflict in the Middle East. The surge in oil prices is adding to the uncertainty, with Brent crude leaping more than 5 per cent on Thursday, marking its biggest rise in a year.

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As per provisional figures, Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs.15243.27 crore and Domestic institutional investors bought shares worth net Rs.12913.96 crore on 3^rd October 2024.

Most Asian stocks advanced on Friday, driven by value buying, while oil prices surged to their highest level in over a year. Escalating tensions in the Middle East kept markets on edge as the U.S. prepared to release its monthly jobs report. U.S. President Joe Biden warned that the U.S. was considering strikes on Iranian oil facilities in response to Tehran's missile attack on Israel. Meanwhile, Israel continued its military campaign against the Lebanese armed group Hezbollah, with new air strikes targeting Beirut.

Investors were also closely watching the U.S. nonfarm payrolls report, which could provide further insights into the Federal Reserve's interest rate policy. U.S. stocks closed lower on Thursday, though they recovered from intraday losses. Traders remained cautious amid the ongoing Middle East conflict and the anticipation of the jobs report. The Dow Jones Industrial Average declined by 0.44%, the S&P 500 fell by 0.17%, and the Nasdaq Composite dropped by 0.04%.