Sensex and Nifty Surge to Record Highs Amidst Inflation Ease and Positive Market Actions

Equity benchmark indices Sensex and Nifty hit fresh record highs after lower inflation raised hopes for a rate cut by the RBI. Heavy buying in capital goods and industrial stocks, coupled with consumer durable sectors, further boosted indices. Retail inflation slid to a one-year low of 4.75% in May.

Equity benchmark indices Sensex and Nifty soared to fresh record levels on Thursday, buoyed by easing inflation figures that sparked hopes for an interest rate cut by India's central bank.

Fueled by substantial buying in capital goods, consumer durables, and industrial stocks, the indices registered new peaks, traders observed.

Retail inflation dropped to a one-year low of 4.75% in May due to a slight dip in food prices, maintaining the Reserve Bank's comfort range below 6%, according to data released on Wednesday.

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