Global Stock Markets Rally as US Consumer Inflation Eases: Sensex and Nifty Hit New Peaks
Global stock markets witnessed a remarkable upswing as major benchmark indices reached new highs, drawing inspiration from the latest US consumer inflation figures for June. Both the BSE Sensex and Nifty50, India's leading indices, experienced substantial gains, propelled by the positive momentum in global equities. This article provides an overview of the notable market developments, key winners and losers, and the impact of the deceleration in US consumer inflation on investor sentiment. Stock Market Bulls Charge Ahead as Sensex and Nifty Reach Record Highs Key Highlights: 1. Slowing US Consumer Inflation: In June, the US consumer inflation rate exhibited a notable slowdown, declining to 3 percent, the lowest level seen since March 2021. This outcome, surpassing market expectations of 3.1 percent, bolstered confidence in global markets. 2. Record Highs for Sensex and Nifty50: The BSE Sensex surged by 532 points or 0.81 percent, reaching an all-time high of 65,925, while the Nifty