Benchmarks hit record highs, eyes on US Fed

The domestic equity indices concluded Monday's trading session with modest gains, buoyed by anticipation of a potential interest rate cut by the US Federal Reserve. The benchmark Nifty 50 index settled above the 25,350 mark, having touched a low of 25,336.20 during the afternoon session. Several sectors, including media, metals, and realty, witnessed strong buying interest. Conversely, FMCG, IT, and pharma stocks faced selling pressure.