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 Nifty and Sensex have gained 18.

Benchmark Sensex closed above the historic 84,000-mark for first time while Nifty settled at a new record high on Friday, powered by a rally in frontline bank stocks along with upbeat trends in the US and Asian markets.

Indian shares reached record highs as US Federal Reserve cut interest rates. NSE Nifty 50 and Sensex rose by 1.1%, with the Sensex surpassing 84,000 mark.

The BSE benchmark Sensex breached the historic 84,000-mark for first time ever on Friday morning and the Nifty also hit its new record high level, tracking a rally in global markets, after the US Federal Reserve cut its benchmark interest rate after more than four years.

The Sensex closed above 84,000 for the first time, driven by a rally in frontline bank stocks and optimistic trends in US and Asian markets. This surge allowed equity investors to see their wealth grow by Rs 6.

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.

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

The two key equity benchmark indices, BSE Sensex and NSE Nifty50, hit new record highs tracking a rally in global markets following the US Fed cut its benchmark interest rate. The two indices scaled new levels as the BSE benchmark Sensex breached the historic 84,

The Indian equity benchmarks created new record highs on Friday boosted by strong trend in US markets overnight. The Sensex rose as much as 975 points to hit new record high of 84,159.90 and Nifty 50 index touched an all-time high of 25,