After opening with modest gains, the market indices gradually climbed to record levels

Despite Friday's marginal decline, traders expect to gain on Monday; focus on the US Fed's decision on rates; gold updates all previous records.

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.

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.

The rally was driven by the banking and IT sectors, with additional support from the auto pack, propelling the frontline indices to new record fresh milestones.

Midcap and smallcap stocks showed strength and traded higher.

Overall market breadth on Wednesday was weak, with 1,734 stocks declining, 879 advancing, and 88 remaining unchanged