US Fed rate cut, Dec. 11 -- Despite the US Federal Reserve's much-anticipated rate cut, the Indian stock market reaction was muted. The benchmark indices opened on a flattish note and remained volatile since. At one point, the Sensex was down 0.28% at 84,150, while the Nifty 50 breached the 25,700 mark.

At the time of writing this report, while some buying was visible, it was muted, especially in light of the third consecutive rate cut by the US Fed and the three-day selling pressure seen in the earlier sessions this week.

The Nifty and Sensex have lost about 1.6% in the last three sessions on persistent foreign selling, which also dragged the rupee to a record low earlier in December.

The Fed, for a third consecutive meeting, cut its ...