Of 30 Sensex stocks, 26 ended in the green. M&M, ICICI Bank, JSW Steel, L&T and Bharti Airtel were the top gainers on Sensex, rising up to 5.57%.

Benchmark Sensex closed above the historic 84,000-mark for first time while Nifty settled at a new record high on Friday, powered by a rally in frontline bank stocks along with upbeat trends in the US

The BSE Sensex breached the historic 84,000-mark, closing 1,359.51 points higher and enhancing equity investor wealth by Rs 6.24 lakh crore. Market sentiment soared due to across-the-board buying, influenced by a US interest rate cut.

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.

Domestic stock market benchmarks, Sensex and Nifty, hit fresh record highs on Friday amid positive investor sentiments following a 50 basis points cut by the US Federal Reserve. In the last two days, the Sensex has gained nearly 1600 points and Nifty has added 413 points.

Nifty and Sensex surged at market open on Friday, driven by a global market rally following the US Federal Reserve's interest rate cut. Sectoral indices like Nifty Metal led gains. International markets also responded positively,

The NSE Nifty surged 375.15 points or 1.48 per cent to close at a record 25,790.95 level. During the day, the gauge zoomed 433.45 points or 1.70 per cent to reach an all-time intra-day peak of 25,849.25.

The BSE Sensex breached the 84,000-mark for the first time, boosting investor wealth by Rs 6.24 lakh crore. Market capitalisation of BSE-listed firms also surged.

The Nifty Metal index gained 1.5 percent in early trade, breaking a three-day losing streak, following Macquarie's upgrades on ratings and price targets for several major players in the metal sector.