Indian equity benchmarks opened at unprecedented levels on Thursday, spurred by gains on Wall Street following clear indications from the U.S. Federal Reserve about a potential interest rate cut. Early trading saw Indian markets rising, fueled by buying in Metal, Utilities, and Energy sectors. Optimism was bolstered by Commerce and Industry Minister Piyush Goyal's hopeful outlook on India achieving a $55-trillion economy by 2047 through self-sufficiency, technological advancements, and robust fundamentals. This sentiment overshadowed the latest government data showing a 4% year-on-year growth in India's eight key infrastructure industries in June, the slowest in 20 months. Investors are now keenly awaiting the release of the Manufacturing PMI data for further direction.

Globally, Asian markets showed mixed results, reflecting the anticipation of a rate cut by the US Fed in September, following the Fed's recent decision to leave rates unchanged but hinting at future reductions. In India, auto stocks drew attention with their latest monthly sales figures, and Coal India saw a surge following its Q1 results.

The BSE Sensex currently stands at 82,033.84, up by 292.50 points or 0.36%, fluctuating between 81,877.16 and 82,129.49. Out of the stocks on the index, 22 advanced while 8 declined.

Broader market indices also showed positive movement; the BSE Mid Cap index increased by 0.31% and the Small Cap index by 0.38%.

Among the sectoral indices on the BSE, Metals led with a 1.91% rise, followed by Utilities at 0.91%, Energy at 0.85%, PSU at 0.75%, and Basic Materials at 0.69%. Conversely, Realty and Telecom were the only sectors in the red, down by 0.13% and 0.01%, respectively.

The top gainers on the Sensex included Maruti Suzuki up by 2.85%, Power Grid up by 2.05%, Adani Ports & SEZ up by 1.99%, JSW Steel up by 1.56%, and Tata Steel up by 1.48%. On the losing side, Mahindra & Mahindra fell by 1.25%, Sun Pharma by 1.12%, Infosys by 0.42%, ITC by 0.31%, and Bajaj Finserv by 0.26%.

Minister Piyush Goyal reiterated his optimism for India's ambitious goal of becoming a $55-trillion economy by 2047, emphasizing the importance of self-sufficiency, technological advancements, and a strong currency. He also highlighted the shift towards electric vehicles and reducing imports of goods like oil seeds, rubber, and pulses to bolster the domestic economy.

Referencing K V Subramanian's book, "Bharat@100: Envisioning Tomorrow's Economic Powerhouse," Goyal stressed that collective efforts and strong economic fundamentals are vital to achieving this ambitious goal.

The CNX Nifty is currently trading at 25,044.35, up by 93.20 points or 0.37%, within a range of 25,008.80 to 25,078.30. The index saw 39 stocks advancing while 11 declined.

Top gainers on the Nifty included Maruti Suzuki up by 3.27%, Coal India up by 2.96%, Power Grid up by 2.20%, Hindalco up by 2.04%, and SBI Life Insurance up by 1.78%. Among the top losers were Hero MotoCorp down by 1.48%, Mahindra & Mahindra down by 1.29%, Sun Pharma down by 1.04%, Eicher Motors down by 0.83%, and BPCL down by 0.76%.

Asian markets presented a mixed picture: Nikkei 225 dropped by 1017.43 points or 2.6% to 38,084.39, Hang Seng fell by 33.11 points or 0.19% to 17,311.49, Straits Times decreased by 28.68 points or 0.83% to 3,427.26, and Shanghai Composite declined by 6.61 points or 0.23% to 2,932.14. Conversely, Taiwan Weighted surged by 418.06 points or 1.88% to 22,617.41, Jakarta Composite rose by 53.58 points or 0.74% to 7,309.34, and KOSPI gained 21.55 points or 0.78% to 2,792.24.