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.

Stock Market LIVE Updates | On Friday, domestic benchmark indices Sensex and Nifty50 ended slightly lower, pressured by declines in FMCG and energy stocks. Despite this, they achieved their strongest weekly performance since late June,

The Indian stock markets were expected to open higher on Thursday, following the US Federal Reserve's decision to cut policy rates by a widely expected 50bps.