Markets seek direction amid global uncertainty
Indian markets slipped in a volatile session as global sentiment weakened and investors awaited new cues. The Sensex fell 148 points to 83,311 and the Nifty 50 lost 87 points to 25,509. Mid- and small-cap indices also declined. Meanwhile, gold crossed $4,000 per ounce as traders priced in possible US rate cuts and a softer dollar.