The US stock market’s reaction to the Federal Reserve’s half-point interest rate cut suggests that all-time high fatigue is still in play.

Nifty-50 index and the Sensex though hit record highs on Thursday, however, ended lower with gains of 0.15% and 0.29%

Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates

The two-day Federal Open Market Committee (FOMC) meeting started on 17 Sept. and markets remain watchful on the outcome by Wednesday night. Religare’s Ajit Mishra recommends continuing with a “buy on dips” strategy.

Markets in Europe and Asia shot higher on Thursday after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates. U.S. futures were higher after a lackluster response on Wall Street to the Fed's move the day before.

The Dow and S&P 500 finished lower after the Federal Reserve voted to cut interest rates by half a percentage point.

Wall Street stocks dipped Wednesday after the Federal Reserve announced a half a percentage-point interest rate cut and its chair promised a "careful" approach to lowering rates following progress in