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Sensex and Nifty Rebound as Healthcare and Oil Stocks Rally
Sensex surged 400 points and Nifty crossed 25,900, as U.
Indian stock markets surged on Friday, with the Sensex jumping 400 points and the Nifty crossing 25,900, as investor sentiment was boosted by a cooler than expected U.S. inflation report. This report fueled global risk appetite and revived expectations of rate cuts by the U.S. Federal Reserve in the upcoming year. The rebound followed four consecutive days of losses for both indices, which had been impacted by weak global trends. Positive gains in healthcare, oil, and gas stocks led the rally, mirroring the broader optimism seen across Asian markets.