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.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red after hitting fresh record highs. Nifty 50 ended at 25,377.55, while Sensex ended at 82,948.23. Overnight, the US Federal Reserve cut its benchmark interest rate by 50 bps,

The Indian stock market on Thursday reacted with a strong positive sentiment to the US Federal decision that reduced interest rate to 50 basis points, marking the first decrease since 2020.The Nifty at the National Stock Exchange crossed 25,

Nifty-50 index and the Sensex though hit record highs on Thursday, however, ended lower with gains of 0.15% and 0.29%

While the US central bank is widely expected to cut interest rates after the end of its two-day monetary policy meeting tonight, there is still uncertainty about the magnitude of the cut, whether it will be 25 basis points or 50 basis points.

Indian benchmark equity indices closed on a strong note on Thursday, with the Nifty hovering around 25,400. Gains in the banking, FMCG, and real estate sectors pushed the index up. In addition, the Federal Reserve's more significant-than-expected rate cut boosted global stocks,

The Indian equity benchmarks resumed their up move on Thursday after a day's pause in the previous session after the US Federal Reserve surprised global markets with first rate cut in four years which was larger than expected.