Sensex climbs over 550 points, Nifty crosses 24,200; softer US inflation, strong global cues lift sentiment

Stock Market Today: Benchmark equity indices Sensex and Nifty opened on a positive note on Wednesday, supported by weaker-than-expected U.S. inflation figures, which helped ease investor concerns despite ongoing geopolitical tensions between the U.S. and Iran. The markets drew strength as cooling inflation in the U.S. improved global risk appetite, offsetting worries surrounding the continuing conflict and strategic developments in the Strait of Hormuz. The Sensex was up 520 points (0.68%) at 77,575, while the Nifty gained 160 points (0.66%) to trade at 24,210. Key drivers behind today's market rally 1. Softer U.S. inflation boosts sentiment Lower-than-anticipated U.S. inflation for June strengthened expectations that the Federal Reserve may refrain from aggressive interest rate hikes in the near term. The data supported gains across Wall Street and Asian markets, improving investor confidence. For emerging markets like India, easing inflation in the U.S. reduces pressure on the dollar and enhances the appeal of risk assets, potentially supporting foreign investment inflows. 2. Reduced tariff concerns Investor sentiment also improved after U.S. lawmakers introduced a revised version of the proposed Russia sanctions legislation, softening the earlier proposal that included a steep 500% tariff. The revised approach helped calm concerns over a broader escalation in global trade tensions. 3. Positive global market cues Asian equity markets traded firmly in positive territory, while U.S. stock futures also advanced, reflecting optimism across global markets. The supportive international backdrop provided additional momentum to Indian equities at the opening bell. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,