New Delhi, Sept. 11 -- India's benchmark index, the Nifty 50 index, could be inching towards its high of 25,669 seen on 30 June, as fresh momentum builds around GST cuts, falling interest rates, and renewed trade negotiations between India and the US.

The index has been hovering in a narrow range of 24,363.3-25,541.8 since 30 June. In the last two days, it has gained 1.8%, raising hopes of a rally around the 25,669 level.

"For Nifty, a point of 24,600-24,700 becomes a decent support zone and the market could rally up to 25,350- 25,500 because of a positive push from renewed trade deals between India and US," said Sudeep Shah, head of technical and derivative research at SBI Securities.

Though it is always too early to comment in the ca...