MSCI's all-country world index also climbed to a fresh two-year high, closing up 0.6%, lifted by the S&P 500's sixth all-time closing high so far in January.
After a stellar 17 percent return delivered by the Nifty in 2023, market experts and brokerages have mixed views on the index s performance in the year 2024.
Federal Reserve Chair Jerome Powell said the central bank must be willing to think beyond the complex mathematical simulations it traditionally uses to forecast the economy.
All sectors were trading in green at open, as Nifty PSU Bank gained 1.49 per cent, Nifty Financial Services 25/50 rose 1.26 per cent, Nifty Private Bank climbed 1.15 per cent, and the realty index jumped 1.15 per cent.