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India's equity benchmarks are poised to open higher on Thursday, supported by the Federal Reserve's interest rate cut and optimism over a potential U.S.-China trade deal ahead of a meeting between Presidents Donald Trump and Xi Jinping.

Gift Nifty futures were trading at 26,155 points as of 7:10 a.m. IST, indicating that the benchmark Nifty 50 will open above Wednesday's close of 26,053.9.

Both benchmarks gained about 0.5% each on Wednesday, finishing less than 1% below the all-time highs hit in September 2024.

Other Asian markets also opened marginally higher after the Fed cut rates by a quarter of a percentage point on Wednesday, as expected.

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However, Fed Chair Jerome Powell signalled that this could be the f

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