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

India’s retail inflation data for August is expected later today; estimates point to a figure below 3.5%.

The Nifty 50 index fell by 0.50 percent, slipping below the 25,000 mark to close at 24,915 points.; notable gainers included Bajaj Auto, LTI Mindtree, Asian Paints, Bajaj Finance, and Britannia Industries.

Volatility after an Initial Decline, Markets Rebound

The formation of a white candle on the daily chart, coupled with the index closing above the previous day's level, indicates continued bullish sentiment.