Sensex jumps 550 pts, Nifty tops 24,200; softer US inflation, global cues lift markets

Benchmark indices Sensex and Nifty traded higher on Wednesday, supported by softer-than-expected U.S. inflation data, which improved global risk sentiment despite ongoing U.S.-Iran tensions. The Sensex rose 550 points to 77,575., while the Nifty gained 160 points ( 24,212 Key factors behind the rally: Cooling U.S. inflation: Lower June inflation strengthened hopes of a less aggressive Federal Reserve, boosting global equities and supporting emerging markets. Reduced tariff concerns: A revised U.S. sanctions bill on Russia softened earlier tariff proposals, easing trade-related worries. Positive global cues: Gains across Asian markets and stronger U.S. futures lifted investor sentiment. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,