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.

Thursday’s trading session was a roller-coaster ride for Indian markets, as the Nifty hit a fresh record high but quickly faced a steep pullback. The index opened strong, fueled by positive sentiments from the Federal Reserves rate cut,

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.

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.

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,