Indian markets were likely to start on a muted note on Wednesday, driven by the cautious mood in global markets, ahead of US consumer inflation figures.

Domestic stock market benchmarks, Sensex and Nifty, hit fresh record highs on Friday amid positive investor sentiments following a 50 basis points cut by the US Federal Reserve. In the last two days, the Sensex has gained nearly 1600 points and Nifty has added 413 points.

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.

Markets in India were poised to open higher, tracking overnight gains on Wall Street and other Asia-Pacific markets.

NTPC, Kotak Mahindra Bank, Titan Company, Nestlé India, and Hindustan Unilever were among the top gainers on the BSE Sensex

BSE Sensex and Nifty50, the Indian equity benchmark indices, called in trade on Friday, surging to new lifetime highs. While BSE Sensex crossed 84,100 for the first time, Nifty50 also hit a high of over 25,

India front-line indices were trading at an all-time high on Friday in mid-session following positive sentiments in the market after the US Fed rate cut.

BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Friday to hit lifetime highs following a more than expected 50 basis points rate cut by the US Federal Reserve.

Indian benchmark indices BSE Sensex and Nifty 50 opened higher on Friday, led by overnight gains on the Wall Street.