Sensex rises over 600 pts, Nifty above 25,950 as US rate cut optimism lifts mood
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Indian equities traded higher on Monday, with the Sensex and Nifty rebounding after Friday’s pause in a six-session winning streak, as softer-than-expected U.S. inflation data fueled expectations of two additional rate cuts in 2025. The S&P BSE Sensex advanced over 600 points to rise above 84,700 level, while the NSE Nifty 50 climbed over 150 points to rise above 25,950 level. On the 30-share Sensex, Tata Steel, Bharti Airtel, TMPV, Reliance Industries, and State Bank of India led the advance, gaining between 1% and nearly 2%. Across sectors, financials outperformed, with the Nifty Bank index rising 0.4% and the Nifty PSU Bank index climbing 1.1%. Broader markets also firmed up, with the small-cap index up 0.3% and the mid-cap index gaining 0.4%. Live Events U.S. consumer price inflation eased in September, bolstering expectations that the Federal Reserve will deliver rate cuts at its upcoming policy meetings in October and December. ...