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.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 25,415.80, while Sensex ended at 83,184.80. Overnight, Wall Street indices witnessed gains, with S&P 500 and Dow Jones closing at record high levels.

Stock Market Highlights: 26 constituent stocks of Nifty50 ended higher with the gains led by NTPC, Hindalco, JSW Steel, Shriram Finance, and Larsen & Toubro on Monday

Sensex fell by 398 points to close at 81,523 on Wednesday, while the Midcap index declined by 101 points to 58,938, and the Nifty Bank index dropped 262 points to 51,010.

Thursday’s trading session was a roller-coaster ride for Indian markets, as the Nifty hit a fresh record high but quickly faced a steep pullback. The index opened strong, fueled by positive sentiments from the Federal Reserves rate cut,

Nifty, Sensex opened strong on Friday following a global market surge after the US Federal Reserve’s decision to cut interest rates. The Nifty 50 index opened at 25,525.95 points, gaining 110.15 points or 0.