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 Nifty and Sensex have gained 18.

Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday tracking positive cues from global peers.The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index.

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%.

Within the Nifty index, several prominent companies, including Mahindra & Mahindra, ICICI Bank, JSW Steel, And Coal India were among the top gainers. On the other hand Grasim, TCS, NTPC, And Hero MotoCorp were the the top losers.

Indian markets reacted cautiously to the US Federal Reserve's rate cut, with profit booking leading to modest gains. The Nifty 50 and Sensex hit record highs before retreating, impacted by losses in key sectors,