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India's equity benchmarks inched lower on Thursday after the Federal Reserve cut interest rate as expected but hinted that the reduction might be the last of 2025, while investors awaited details from the trade talks between U.S. and China.

The Nifty 50 was down 0.27% at 25,984.4, while the BSE Sensex lost 0.29% to 84,750.9, as of 9:15 a.m. IST.

Both benchmarks gained about 0.5% each on Wednesday, finishing less than 1% below the all-time highs hit in September 2024.

Also Read: Trump-Xi Meet: US Achieves 'Basic Consensus' On Trade With China

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The US Fed cut interest rates by a 25 basis points but Chair Jerome Powell signalled that this could be last cut this year due to the lack of official data during the on

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