Stocks were choppy Friday as market participants took a breather following Thursday's Fed-fueled rally. While buzz continued to swirl around the Federal Reserve's jumbo-sized rate cut from earlier this week, today's headlines centered mostly on single-stock news, including Nike's ( NKE) big C-suite shake-up.

Indian equity benchmark indices hit fresh record highs, after opening higher on Friday, led by overnight gains on the Wall Street.

Benchmark Sensex closed above the historic 84,000-mark for first time while Nifty settled at a new record high on Friday, powered by a rally in frontline bank stocks along with upbeat trends in the US

All the sectoral indices ended in the green with auto, bank, capital goods, healthcare, FMCG, power, telecom, metal and realty rising 1-3 percent.

Indian headline indices smashed fresh record highs on Friday catapulted by heavyweights ICICI Bank and HDFC bank which had the biggest contribution to the respective index. They took positive cues from global and Asian markets amid the onset of a monetary easing policy by the US Fed.

At the closing bell, the S P BSE Sensex was up 1,381.99 points to 84,566.79, while the NSE Nifty50 gained 375.15 points to settle at 25,790.95.