Nifty Bank gained 0.5 percent, led by strong performances from HDFC Bank, SBI, and Kotak Mahindra, propelling it to a lifetime high of 54,088.

Among the top gainers on the NSE were State Bank of India (SBI), which rose 2.89 per cent, followed by ONGC (2.85 per cent), Mahindra & Mahindra (2.72 per cent), Bajaj Auto (2.48 per cent), and HDFC Life (1.81 per cent).

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,

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. The Nifty and Sensex have gained 18.

The Sensex opened at 84,651.15, above its previous close of 84,544.31, indicating a bullish sentiment. Similarly, the Nifty50 saw a gap-up opening at 25,872.55, surpassing its previous close of 25,790.

Indian stock markets saw notable movements, with key stocks performing strongly on Monday. The opening bell signifies a positive day for the markets with robust trading volumes across key stocks​.

The Indian stock market surged to record highs on September 23, with both the Sensex and Nifty 50 opening at record highs, building on last weeks momentum. Led by strong performances in the automobile and banking sectors,

The ongoing rally is fueled by optimism over policy stability following national elections in June and strong growth prospects for India. Additionally, expectations of a soft landing for the US economy and rising foreign institutional investor (FII) inflows have further bolstered investor confidence.

In the US, Wall Street ended flat on Friday, with all three major stock indices staying near record highs, as investors continued to focus on riskier assets.

Stock markets are expected to open on a positive note on Monday, signals from trading at Gift City suggest. Domestic markets are expected to maintain the momentum, as foreign portfolio investors stepped up their investments post the US Fed Reserve rate cut.