TC Mathew

Indian markets face selling pressure amid weak global cues; metal stocks surge; crude oil price tops $75; gold price hits record high.

The Sensex surpassed the 85,000 mark for the first time

On Monday, the Sensex and the Nifty ended at record closing levels.

Within the first hour of trading, the Nifty surged to 25,925.80, while Sensex reached 84,881.73, both rewriting their respective records.

The Nifty and the Sensex are on track to set new milestones, driven by active foreign and retail investors.

The Sensex and Nifty recorded only modest gains on Thursday; however, bulls remain optimistic about a decisive rally in the near term.

Fed rate cut boosts global markets; while US markets initially rallied, they closed with minor losses.

IT companies' stocks suffered significant losses in the early phase of the morning session.

The Fed decision will impact market sentiment tomorrow

The markets had started on a positive note but quickly dipped, recovered within half an hour, only to fall again.