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Leading the Sensex decline were Adani Ports, ITC, and other companies, with losses ranging from 0.7% to 1.4%. Countering the trend, Bajaj Finance, Bajaj Finserv, Axis Bank, IndusInd Bank, and Tata Steel ended the day with gains.

U.S. economic data this week appeared to support the case for a typical 25 basis point (bp) cut next week, with the measure of consumer price inflation that strips out volatile food and energy prices rising more than expected in August.

SEBI chief Madhabi Puri Buch asserts compliance with all disclosure rules amid criticism over conflicts.

Gold prices reached a record high as the dollar weakened, driven by expectations of significant U.S. interest rate cuts. Spot gold rose to $2,567.23 per ounce, while U.S. gold futures climbed to $2,595.10. Palladium also saw substantial gains amid concerns over potential Russian export restrictions.

Aluminium prices have recently surged to multi-week highs, driven by optimism around potential US interest rate cuts and anticipated economic stimulus measures from China. Market sentiment has been further buoyed by tight raw material supplies and a weakening US dollar. Despite these gains, the outlook remains uncertain due to mixed economic data from major metal consumers, especially China.

FMCG has moved up quite a bit at least at the higher levels. I am expecting some more consolidation from the higher levels in FMCG index, especially leading FMCG stocks. But if you look at the IT, that still has got a momentum. Recently, we have seen some consolidation moment, minor downward correction. After that, it moved up again and placed at the higher levels. More upside is likely in the IT sector ahead.

A total of 18,943 shares changed hands on the counter till 01:58PM (IST).

​But quick commerce is the one which is growing at 50%, 60%, 70% on that low base. And if these things continue to catch up, if this really scales up beyond the metro cities, quick commerce could spell severe threat for the kirana stores.

Bitcoin and Ethereum saw slight declines, while XRP surged 5% amid bullish market sentiment and expectations of a US interest rate cut. The global crypto market cap fell 1.13%.