The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 25,530 level, a premium of nearly 40 points from the Nifty futures’ previous close.

Domestic stock market benchmarks, Sensex and Nifty, hit fresh record highs on Friday amid positive investor sentiments following a 50 basis points cut by the US Federal Reserve. In the last two days, the Sensex has gained nearly 1600 points and Nifty has added 413 points.

Indian stock market indices, Sensex and Nifty 50, are likely to open higher after the US Federal Reserve’s outsized interest rate cut improved investor sentiment.The trends on Gift Nifty also indicate a positive start for the Indian benchmark index.

Stock Market LIVE Updates | Sensex and Nifty hit a record high on Thursday, driven by gains in information technology stocks, following the U.S. Federal Reserve decision to initiate its monetary easing cycle with a substantial 50-basis-point rate cut.

NTPC, Kotak Mahindra Bank, Titan Company, Nestlé India, and Hindustan Unilever were among the top gainers on the BSE Sensex

Within the Nifty index, several prominent companies, including Mahindra & Mahindra, ICICI Bank, JSW Steel, And Coal India were among the top gainers. On the other hand Grasim, TCS, NTPC, And Hero MotoCorp were the the top losers.

Indian markets reacted cautiously to the US Federal Reserve's rate cut, with profit booking leading to modest gains. The Nifty 50 and Sensex hit record highs before retreating, impacted by losses in key sectors,