In US stock markets, the S&P 500 closed lower at 5,503.41, down 0.30 per cent and the Nasdaq ended higher at 17,127.66, up 0.25 per cent.

Nifty 50 was trading at 25790.95 (1.48%). Today Nifty 50 has been trading in the range of 25849.25 to 25426.6.

In US stock markets, the S&P 500 closed higher at 5,480.98, up 1.35 per cent and Japan's Nikkei 225 up 189.37 points at 36,405.12.

Major stock indexes closed with modest losses and the dollar gained ground in choppy trading on Wednesday after the U.S. Federal Reserve opted for a supersized cut in its first move to borrowing costs in more than four years.

Stock Market LIVE Updates | Domestic markets consolidated after reaching new highs and closed lower as investors adopted a cautious stance ahead of the U.S. Fed's policy meeting outcome.

How will stock market perform today? which are the top stocks in focus? Follow this blog for all live updates.

What is the market’s outlook on Friday? Find out how the markets are poised to perform after US Fed’s rate cut.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,400 level, a premium of nearly 30 points from the Nifty futures’ previous close.