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Sensex climbs 304 pts, Nifty closes above 24,600 as steady US inflation fuels global rally

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....ensex climbs 304 pts, Nifty closes above 24,600 as steady US inflation fuels global rally<BR>PTI News<BR>Dated:- 13-8-2025<BR>PTI<BR>Mumbai, Aug 13 (PTI) Stock markets rebounded on Wednesday with benchmark Sensex closing higher by 304 points on buying in metal, auto and pharma shares as steady US inflation data propelled a sharp rally in global markets. The 30-share BSE Sensex climbed 304.32 poin....

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....ts or 0.38 per cent to settle at 80,539.91. During the day, it jumped 448.15 points or 0.55 per cent to 80,683.74. The 50-share NSE Nifty edged up by 131.95 points or 0.54 per cent to 24,619.35. Analysts said retail inflation slowing to an 8-year low of 1.55 per cent in July led to the positive trend in domestic equities. "Indian equities experienced a broad-based optimism as CPI hit an eight-y....

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....ear low, boosting hopes for a revival in discretionary spending, led by autos and metals. Globally, sentiment improved on the extension of China’s tariff deadline and easing oil prices. "Despite uncertainties around Trump’s trade stance and global risks, India’s growth-inflation dynamics remain favourable for FY26 with risk to marginal downgrade based on tariff updates. India looks forward ....

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....to the Trump-Putin meet dated 15th August," Vinod Nair, Head of Research, Geojit Investments Limited, said. Among Sensex firms, Bharat Electronics, Eternal, Mahindra & Mahindra, Kotak Mahindra Bank, Tata Motors and Power Grid were the gainers. However, Adani Ports, ITC, UltraTech Cement and Titan were among the laggards. Retail inflation slowed to an 8-year low of 1.55 per cent in July, fall....

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....ing below the Reserve Bank's comfort zone for the first time since January 2019, helped by subdued prices of food items, according to government data released on Tuesday. Among Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled sharply higher. European markets were trading in the green. The US markets ended significantly....

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.... higher on Tuesday. Global oil benchmark Brent crude dipped 0.36 per cent to USD 65.88 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,398.80 crore on Tuesday, according to exchange data. Sensex dropped 368.49 points or 0.46 per cent to settle at 80,235.59 while Nifty went lower by 97.65 points or 0.40 per cent to 24,487.40 on Tuesday. PTI SUM SUM MR<BR> News - Pr....

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....ess release - PIB....