BENGALURU (Reuters) - 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.

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

India stocks were higher after the close on Friday, as gains in the Real Estate, Capital Goods and Auto sectors led shares higher. At the close in NSE, the Nifty 50 added 1.48% to hit a new all time high,

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

Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 20 September 2024.