India equity benchmark indices were likely to start on a positive note on Monday, as indicated by GIFT Nifty futures that were trading around 150 points higher.

Wall Street closed flat on Friday, hovering near the previous session's record-high close for the Dow and S&P 500, while the dollar firmed as investors digested the Federal Reserve's 50-basis-point cut midweek that started a rate reducing cycle.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher after hitting fresh record highs. Nifty 50 ended the previous trade session at 25,790.95, while Sensex ended at 84,

Stock Market LIVE Updates | 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,

GIFT Nifty traded up by 60.50 points or 0.23% at 25,901 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Shares in the Asia-Pacific region are trading in positive territory on Monday morning.

Gift Nifty was trading around 25,890 level, a premium of nearly 100 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.