Sensex rises about 540 points to 77,592 as Nifty 50 climbs to 24,202 after US inflation cools
AI Market Summary
A downside surprise in US June CPI and softer core inflation eased global rate-hike fears, lifting risk assets across Asia and supporting Indian equities. However, Middle East supply disruption risk kept Brent near $86, reintroducing inflation sensitivity and a potential drag on importers. Near-term cross-asset focus shifts to crude and Strait of Hormuz headlines, balancing improved global disinflation signals against energy-driven risk premia.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT-2.70%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
● Neutral
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US headline CPI fell 0.4% in June, its first decline since the COVID19 pandemic, while annualised core inflation came in at 2.6% versus expectations of 2.8%, easing concerns over further Fed rate hikes. Indian equities advanced, with the Nifty 50 up 150 points to 24,202 and South Korea’s Kospi surging 7% while Japan’s Nikkei rose more than 1%. Middle East tensions also lifted Brent crude to around $86 a barrel. India’s June CPI was 4.38% and the monsoon deficiency reached 18%, though credit growth and automobile demand remained strong.
