Sensex jumps 567 pts amid global stocks rally on hopes of US-China trade deal, Fed rate cuts
Mumbai, Oct 27 (PTI) Benchmark BSE Sensex jumped by nearly 567 points and broader Nifty closed above 25,900 on Monday following a sharp rally in global markets, as softer-than-expected US inflation reignited hopes of Fed rate cuts this year. The 30-share BSE Sensex jumped 566.96 points or 0.67 per cent to settle at 84,778.84. During the day, it surged 720.2 points or 0.85 per cent to 84,932.08. The 50-share NSE Nifty climbed 170.90 points or 0.66 per cent to 25,966.05. Prospects of a US-China trade deal and fresh foreign fund inflows also added to the markets’ optimism, analysts said. Among