On Friday, Indian benchmark equity indices hit record highs and saw weekly gains, driven by a significant interest rate cut from the U.S. Federal Reserve earlier in the week, which boosted investor risk appetite in global markets.

The NSE Nifty 50 added 1.48% to 25,790 and the S&P BSE Sensex gained 1.63% to 84,544, logging record closing highs.

The Sensex also rose above 84,000 for the first time on Friday.