Wall Street closed mixed on Thursday with the Dow down zero point four-four percent, the S&P five hundred down zero point one-two percent, and the Nasdaq down one point six percent, following Fed Chair Powell's hawkish signal that December rate cuts are far from certain—though after-hours earnings from Apple and Amazon provided some relief. Indian ADRs opened cautiously with Infosys down one point four-two percent, ICICI Bank down zero point nine-three percent, and HDFC Bank down zero point three percent, though MakeMyTrip surged four point six-eight percent. Asian markets showed mixed performance with Japan's Nikkei up zero point one-two percent to fifty-one thousand three hundred sixty-seven, Hong Kong's Hang Seng up zero point six-eight percent, and Shanghai modestly higher on hopes that Trump-Xi trade talks would ease US-China tensions through tariff reductions. Gift Nifty is trading down forty-five points at twenty-six thousand one hundred ninety-three, signaling a cautious opening for Indian equities as investors navigate Fed uncertainty and profit-taking ahead of monthly derivatives expiry. Domestically, the Nifty fifty closed at twenty-five thousand eight hundred seventy-seven, down zero point six-eight percent, while the Orkla India IPO closes today and Lenskart Solutions opens for subscription, and technically the market faces resistance at twenty-five thousand nine hundred seventy with support at twenty-five thousand seven hundred ninety. Crude oil fell to sixty dollars and sixteen cents per barrel—the lowest in four months—while gold remains stable, and the overall trading tone for today is defensive consolidation with selective opportunities in utilities, pharma, and financial services.