The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 26,340 level, a premium of nearly 30 points from the Nifty futures’ previous close.

BSE Sensex for the first time surpassed 85,000-mark in the early hours of trade on Tuesday (September 24). Meanwhile, Nifty 50 was hovering around 26,000-level. The Indian benchmark indices continue their upward momentum after the significant rate cut by the US Federal Reserve last week.

The two key equity benchmark indices, Sensex and Nifty, on Friday pared their gains and ended in the red on profit taking amid volatility. In the morning session, the indices hit their fresh all-time highs.

Nifty 50 rose by 0.23%, reaching a fresh all-time high of 26,277 points during trading before closing with a 0.14% drop at 26,199 points. Notably, this marked the third straight session where the index closed above the crucial psychological level of 26,

Benchmark indices Sensex and Nifty hit fresh all-time high levels on Friday amid heavy buying in IT stocks and a rally in global markets

The Indian equity benchmarks were trading on a flat note after hitting record highs in opening deals as gains in IT and metal heavyweights like Wipro , Infosys , Tata Consultancy Services and Tata Steel were offset with losses in Larsen & Toubro,