Sensex and Nifty Surge Amid Cooler US Inflation and Expectations of Fed Rate Cuts
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TL;DR
Indian stock markets surged on Friday due to softer US inflation data, fueling expectations of Federal Reserve rate cuts next year. The Sensex gained 500 points and Nifty 50 rose 146 points.
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SensexNiftyUS inflationFederal Reservestock market
The Indian stock market rose sharply on Friday, with the Sensex gaining 500 points and the Nifty 50 rising 146 points. The rally was attributed to softer US inflation data, which boosted expectations of further Federal Reserve easing next year. The US Consumer Price Index report showed a lower-than-expected increase in consumer prices in November, raising bets on a dovish policy move by the Federal Reserve in March.
