<h1>Sensex, Nifty slip after two-day rally as global weakness and fading Fed cut hopes spur profit booking</h1> Benchmark Indian indices declined as global market weakness and diminished expectations of a December US Federal Reserve rate cut triggered broad-based selling and profit-booking after a two-day rally. The Sensex fell about 0.47% and the Nifty similarly lost 0.47%, despite prior sessions touching 52-week highs. Large-cap stocks in metals, technology, and financial services underperformed, while select auto and FMCG stocks gained. Asian and European markets also traded sharply lower, reflecting concerns over strong US labour data and possible overvaluation in AI-related shares. Despite the correction, both foreign and domestic institutional investors remained net buyers of Indian equities, indicating continuing capital inflows.