BENGALURU, Sept 27 (Reuters) - Indian shares are set to

open at fresh highs on Friday, riding the coattails of the

outsized U.S. rate cut last week, with IT stocks on the radar

after U.S. peer Accenture's ( ACN ) better-than-expected quarterly

profit.

The GIFT Nifty was at 26,342.50 points as of 8.07

a.m. IST, suggesting that the NSE Nifty 50 will open

above its close of 26,216.05 on Thursday.

The Nifty and the BSE Sensex have gained 3.3% and

3.5%, respectively, hitting all-time highs in six straight

sessions since the U.S. Federal Reserve's oversized rate cut

last Wednesday, which boosted hopes of higher foreign inflows in

emerging markets, including India.

Foreign institutional investors (FIIs) have net bought

shares worth 150.98 billion rupees ($1.81 billion) in the past

six days, per exchange data, higher than 134.52 billion rupees

in the six sessions before the rate cut.

IT companies, which have the second-heaviest

weightage among the major sectors and get a major portion of

their revenue from U.S. clients, will be in focus after U.S.

peer Accenture ( ACN ) posted better-than-expected quarterly

earnings due to strong demand for its AI services.

STOCKS TO WATCH:

* Biocon partners with Saudi pharma firm Tabuk

Pharmaceutical for the production of Glucagon-like peptide-1,

which helps with blood sugar levels and weight loss.

* Rites was the lowest bidder for a project by

Delhi Metro Rail Corp at a cost of 429.1 million rupees.

* RailTel Corp won an order worth 1.56 billion

rupees (about $19 million)

($1 = 83.6210 Indian rupees)