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

The market experienced a tug-of-war between declining IT stocks and resilient financial shares; Nifty and Sensex suffered slight losses.

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

The Fed decision will impact market sentiment tomorrow

The Nifty technical outlook suggests a potential consolidation phase before a decisive move.

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.

Federal Reserve's rate-cut decision is expected tomorrow night, which could impact future market movements; India's inflation and trade data are expected today

Nifty technical outlook based on the market closing on Monday, September 16

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.