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.

Wall Street stocks hit record highs as the Federal Reserve cut interest rates to support the labor market. Dow rose 1.3%, S&P 500 1.7% and Nasdaq 2.5%. Nike replaces CEO John Donahoe with Elliott Hill,

Nifty-50 index and the Sensex though hit record highs on Thursday, however, ended lower with gains of 0.15% and 0.29%

Indian benchmark equity indices closed on a strong note on Thursday, with the Nifty hovering around 25,400. Gains in the banking, FMCG, and real estate sectors pushed the index up. In addition, the Federal Reserve's more significant-than-expected rate cut boosted global stocks,

The Indian equity benchmarks resumed their up move on Thursday after a day's pause in the previous session after the US Federal Reserve surprised global markets with first rate cut in four years which was larger than expected.