The S P BSE Sensex was up 965 points to 84,149.80 at 11:30 am, while the NSE Nifty50 gained 276.60 points to trade at 25,692.40.

The Sensex hit a new high at 83,774 in intra-day deals on Thursday; and has rallied 6% this quarter. Can the BSE benchmark rally another 7.4% to hit the 90K mark by year-end? Check key levels here: BS

Major Wall Street indexes surged to record highs on Thursday, boosted by gains in global markets and a rise in Treasury yields. Investors’ risk appetite was heightened as the Federal Reserve initiated its first rate-cutting cycle in more than four years, according to a report by Reuters.

The S&P 500 eked out a slight gain in a subdued session while the Nasdaq fell on Monday, weighed down by a drop in technology stocks as investors assessed the likelihood of an upsized rate cut from the U.

Markets in India were headed for a strong open on Friday, led by overnight gains on the Wall Street, which was driving Asian markets higher as well.

GIFT Nifty traded down by 18.50 points or 0.07% at 24,444 indicating a muted opening for domestic indices NSE Nifty 50

Wall Street's three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week's sell-off while they also waited for inflation reports in coming days and the Federal Reserve's next policy decision next week.

The Indian stock markets were expected to open higher on Thursday, following the US Federal Reserve's decision to cut policy rates by a widely expected 50bps.

GIFT Nifty traded up by 41 points or 0.16% at 25,528 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Shares in the Asia-Pacific region are trading in positive territory on Friday morning.