The Indian stock market indices, Sensex and Nifty 50, are likely to open flat on Friday, amid positive cues from global peers after the US Federal Reserve cut the benchmark interest rates by 25 basis points (bps),

Tech Mahindra, Infosys, HCL Tech, Titan, and Sun Pharma were among the top gainers on the BSE Sensex, while ICICI Bank, Reliance Industries, Maruti Suzuki, NTPC and Tata Motors were the major losers

Buying interest in select heavyweights such as Infosys Ltd, Tata Consultancy Services (TCS) Ltd, Reliance Industries Ltd, HCLTech, Larsen & Toubro (L&T), Bharti Airtel and ICICI Bank lifted the indices higher.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,450 level, a discount of nearly 140 points from the Nifty futures’ previous close.

Gift Nifty was trading around 24,440 level, a discount of nearly 150 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

The Nifty index declined 445 points or 1.83 per cent to break the 24,000 level and drags to 23,859.10 points while the BSE Sensex declined by 1350 points or 1.69 per cent to slide below 79,000.