The Indian equity indices snapped three-day losing streak with Nifty closing at 25,900 amid positive global cues led by US Federal Reserve's 25-basis-point interest rate cut.

After a muted start, the Indian benchmark indices witnessed a choppy first half but buying in the second half helped to closed near day's high.

At close, the Sensex was up 426.86 points or 0.51 percent at 84,818.13, and the Nifty was up 140.55 points or 0.55 percent at 25,898.55.

BSE Midcap index rose 0.8% and smallcap index added 0.5%.

Kotak Mahindra Bank, Eternal, Jio Financial, Tata Steel, Grasim Industries were among major gainers on the Nifty, while losers were Bharti Airtel, Asian Paints, SBI Life Insurance, Bajaj Finance, Axis Bank.

All the sectoral indices ended in the green with auto, IT, pharma, telecom, PSU Bank, Private Bank, metal, realty up 0.5-1%.

In stock-specific action, DCM Shriram shares added 4% on signing MoU with Bayer Crop Science, Shakti Pumps shares surged 12% on order win worth Rs 407.5 crore, Cipla shares rose 1.5% on launching diabetes drug, Tejas Networks share price rose 1.3% on IP Routing products supply order, Aurionpro Solutions shares gained 8% on unveiling AurionAI, MBL Infrastructure shares added 7% on winning arbitration award of Rs 18.78 crore.

Hubtown share price slipped 9% on proposed preferential issue withdrawal, Kaynes Technology shares added 4% after Nomura maintains 'buy' rating with target of Rs 5,455, Hindustan Zinc rose 2% as silver hits fresh high after Fed rate cut.

More than 160 stocks hit 52-week low, including BASF, Vedant Fashions, Sterling Wilson, Blue Dart, Trent, Piramal Pharma, CG Consumer, NCC, Page Industries, PCBL Chemical, Dixon Technologies, among others.

More than 80 stocks hit 52-week high, Ramco System, Esab India, Eicher Motors, Samvardhana Motherson International, Cummins India, Jamna Auto, Cupid, among others.