India’s Nifty, Sensex hit new highs as the Fed-led global rally extends. By Reuters

© Reuters. Gardeners work outside the National Stock Exchange (NSE) building in Mumbai, India, on August 16, 2018. REUTERS/Francis Mascarenhas/Files

BENGALURU (Reuters) – India’s benchmark Nifty 50 and Sensex indexes hit record highs on Friday, raising expectations of a U.S. interest rate cut by March 2024 after the Federal Reserve’s policy meeting earlier this week. We tracked the rally in global stocks.

The NSE Nifty 50 index was up 0.45% at 21,279.25 points, while the S&P was up 0.44% at 70,821.30 (as of 9:16 am IST).