Indian equity indices ended on a weak note on Thursday after the US Fed's rate pause, triggering a mixed reaction in the global markets. The BSE Sensex declined 0.49% while the Nifty fell 0.4%. The pharma and healthcare pack notched the highest gains, but the PSU Banking pack emerged as the top laggard. Analysts believe that the possibility of two more rate hikes by the US Fed this year could be the reason behind the reduction in buying interest in Indian markets. However, buying interest is also observed, with the Nifty Mid-cap index trading at an all-time high.