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Indian equity benchmarks, the Sensex and Nifty, climbed sharply on Monday as softer-than-expected U.S. inflation data bolstered expectations for additional Federal Reserve rate cuts in 2025 and signs of progress in U.S.-China trade talks lifted investor mood.

The S&P BSE Sensex advanced over 700 points to an intraday high of 84,932.08, while the NSE Nifty 50 rose more than 200 points to touch 26,005.95. The Nifty index is now just 1% away from its all-time high of 26,277.35, while the Sensex sits 1.2% below its record peak of 85,978.25.

Monday’s rise followed a brief pause in the previous session, ending a six-day winning streak for the benchmarks.

U.S. Inflation Data Boosts Rate-Cut Hopes

The market rally was primarily drive

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