India's NSE Nifty 50 and S&P BSE Sensex are trailing only Wall Street's Nasdaq and S&P 500 as top-performing indexes this year, with analysts expecting the rally to extend into 2025.

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.

Stock Market LIVE Updates | On Thursday, benchmark indices Sensex and Nifty reached new all-time highs, following positive global trends after the US Federal Reserve implemented its first interest rate cut in over four years.

The two key equity benchmark indices, Sensex and Nifty, on Friday are trading in the green, led by overnight gains in the US stock markets, amid positive cues from Asian markets. At 10.05 am, the BSE Sensex rose 520 points to 83,

Indian stock market benchmarks Sensex and Nifty 50 hit record highs on September 20. Positive global cues after the Fed rate cut are seen as the prime factors behind the fresh market rally.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 25,415.80, while Sensex ended at 83,184.80. Overnight, Wall Street indices witnessed gains, with S&P 500 and Dow Jones closing at record high levels.

Indian equity benchmark indices hit fresh record highs, after opening higher on Friday, led by overnight gains on the Wall Street.

The BSE’s 30-share index rose 1,359.51 points, or 1.63 per cent, to close at a fresh high of 84,544.31. The index touched an intraday high of 84,694.46. The broader Nifty 50 jumped 375.15 points, or 1.

All the sectoral indices ended in the green with auto, bank, capital goods, healthcare, FMCG, power, telecom, metal and realty rising 1-3 percent.

Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.

The US data released overnight indicates that the US labour market is only slowing, not deteriorating. With inflation under control, this means the US is set for a soft landing under a declining interest rate scenario.