The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,770 level, a premium of nearly 20 points from the Nifty futures’ previous close.

Wall Street extended its rally on Friday, sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the U.

The domestic equity benchmarks traded with small gains in the mid- afternoon trade. The Nifty hovered above the 25,600 level. Media stocks rebounded after slipping in the last session.