The Nifty ended the session with a 0.14 percent gain at 25,418 points, while the Sensex ended with a 0.11 percent gain at 83,079 points.

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

The Nifty ended the session with a 0.11% gain at 25,383 points; the Sensex ended with a 0.12% gain at 82,988 points.

However, the formation of a black candle on the daily chart and the close below the previous day's level signal a potential consolidation phase.

The prospect of a Fed rate cut and the realisation that missing out on the Indian market would be a bad strategy were two major factors.

“Kalyan’s stock price has risen 8x in the past two years as the business model successfully transformed through the capital-light franchise model," says HSBC Securities.

As the indices decline, mid- and-small caps outperform; Kalyan Jewellers stock jumps over 7% and hits a new record high for the third da day in a row

The Sensex fell to 82,653, while the Nifty touched 25,292 in early trade before recovering some losses.

Record highs bring profit-taking pressure; foreign funds remain major buyers; hopes rise on rate cuts; crude, metals, and gold surge

Momentum indicators signal a continued positive trend as the Nifty closed above its short-term moving averages.