The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 25,925 level, a discount of nearly 20 points from the Nifty futures’ previous close.

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 BSE Sensex briefly crossed the 83,000-mark before closing the session at 82,962.71, up 1,439.55 points or 1.77 per cent. Nifty soared 470.45 points or 1.89 per cent to 25,388.90.

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.

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