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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...

Sensex and Nifty indices surge, reflecting a resilient Indian equity market amidst challenging global conditions. In the face of weak global sentiment, the Indian equity benchmarks, Sensex and Nifty, displayed strength during Wednesday's trading session. Here are the notable highlights from the market: 1. Sensex Achieves New All-Time High: After 137 trading sessions, the Sensex surpassed its previous record of 63,583.10 set on December 1, 2022, reaching an all-time high. 2. Top Gainers and Losers on the Sensex: Leading the gains on the 30-share Sensex platform were PowerGrid, L&T, HUL, HDFC Bank, Wipro, and HDFC. Conversely, Sun Pharma, Tata Motors, Tata Steel, Asian Paints, Bajaj Finance, and Axis Bank were among the notable losers. 3. Noteworthy Stock Movements: Shriram Finance experienced a significant surge, with its shares hitting the 10% upper circuit limit, following a substantial equity transaction via block deals in early trading. Piramal Enterprises' shares also l...