Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday tracking positive cues from global peers.The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index.

Nifty and Sensex opened strong following a global market surge after the US Federal Reserve's interest rate cut.

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 Fed's interest rate cut is a positive factor for Indian equities as it boosts global liquidity, potentially attracting more foreign funds. However, concerns over high valuations continue to loom large.

This is the first rate cut by the US Federal Reserve since early 2020. The move shows that the focus of the Fed has now shifted from fighting inflation to supporting economic growth, analysts said.

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,

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 25,356.50, while Sensex ended at 82,890.94. Wall Street indices gained on Friday ahead of the US Fed rate decision,

Nifty, Sensex opened strong on Friday following a global market surge after the US Federal Reserve’s decision to cut interest rates. The Nifty 50 index opened at 25,525.95 points, gaining 110.15 points or 0.

Within the Nifty index, several prominent companies, including NTPC, Titan, Kotak Bank, And Nestle India were among the top gainers. On the other hand BPCL, Coal India, ONGC , And Adani Ports were the the top losers.

Indian benchmark indices BSE Sensex and Nifty 50 opened higher on Friday, led by overnight gains on the Wall Street.