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Stock Market Today: Indian equity benchmarks opened the December 19 session in positive territory, tracking favourable global cues. The upbeat mood was supported by firm cues from the GIFT Nifty futures, which signalled a steady start for domestic markets.

The BSE Sensex was trading at 84,836.38 at around 9:16 am, up 354.57 points, or 0.42 per cent. The index had opened at 84,756.79, compared with its previous close of 84,481.81.

The Nifty 50 was quoted at 25,911.50, higher by 95.95 points, or 0.37 per cent. The benchmark opened at 25,911.50, above its previous close of 25,815.55.

Global sentiment remained supportive after the Bank of Japan raised interest rates on Friday to levels unseen in nearly three decades, marking another decisive step towards ending prolonged monetary stimulus and near-zero borrowing costs. As widely expected, the central bank raised short-term interest rates to 0.75 per cent from 0.5 per cent, in a unanimous decision.

Investors are now awaiting further clarity, with Bank of Japan Governor Kazuo Ueda scheduled to address a news conference later in the day to explain the policy decision.