In Thursday trade, Indian equities saw choppy action with the Nifty hesitating just under the 26,000 mark and the Sensex fluctuating amid thin risk appetite. Dealers cited mixed global leads and uncertainty around the Federal Reserve’s next steps after signaling that a December cut is not assured. Banks and IT underperformed while energy names offered limited support. Intraday breadth weakened as traders trimmed leveraged positions. Strategists expect near-term volatility to persist until clearer cues emerge from US data, crude trends, and domestic earnings commentary over the coming sessions.