Stock markets trade higher mirroring sharp rally in global peers on hopes of US Fed rate cuts

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Indian benchmark indices Sensex and Nifty surged in early trade, mirroring a global rally fueled by hopes of US Federal Reserve rate cuts after a softer inflation report. Prospects of a US-China trade deal and fresh foreign fund inflows further boosted market optimism, with major gainers including Tata Steel and Reliance Industries.

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Stock markets trade higher mirroring sharp rally in global peers on hopes of US Fed rate cuts

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