Indian equity markets experienced a divergence from the positive trends seen in US markets, leading to a continued sell-off after a brief recovery in the prior sessions.

GIFT Nifty (Earlier SGX Nifty) signals a muted start

GIFT Nifty on the NSE IX traded higher by 8 points, or 0.02 per cent, at 24,286.50 signaling that Dalal Street was headed for muted start on Friday.

US stocks gain

U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points (bps) in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.

. Dow flat,

◦ S&P 500 up 0.74%,

◦ Nasdag rises 1.5%

Asian shares climb

Asian equities climbed Friday after stocks, bonds and commodities all rallied in the US as the Federal Reserve cut interest rates.

◦ S&P 500 futures were little changed as of 9:10 a.m. Tokyo time

◦ Hang Seng futures rose 1.1%

◦ Japan's Topix rose 0.6%

◦ Australia's S&P/ASX 200 rose 1%

◦ Euro Stoxx 50 futures rose 1.1%

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