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

Bulls continued to dominate Dalal Street on Friday as Sensex closed above the historic 84,000-mark for the first time while Nifty settled at a new record high of 25,790.95 on Friday, powered by a rally in bank stocks following the Fed rate cut.

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.

The NSE Nifty surged 375.15 points or 1.48 per cent to close at a record 25,790.95 level. During the day, the gauge zoomed 433.45 points or 1.70 per cent to reach an all-time intra-day peak of 25,849.25.

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,

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.

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.