Nifty 50 and Sensex opened strong on Friday amid a global rally after the US Federal Reserve's rate cut. Nifty 50 rose 0.43%, and Sensex climbed 0.50%. FIIs shifted positions over India's valuations,

All sectoral indices ended in positive territory, with metals and autos leading the gains. ICICI Bank recorded its largest single-day gain since April, rising more than 4%.

This is the first rate cut by the US Federal Reserve since early 2020. The move shows that the focus of the Fed has now shifted from fighting inflation to supporting economic growth, analysts said.