Sensex and Nifty Surge Amid Cooler US Inflation and Expectations of Fed Rate Cuts

The Indian stock market rose sharply on Friday, with the Sensex gaining 500 points and the Nifty 50 rising 146 points. The rally was attributed to softer US inflation data, which boosted expectations of further Federal Reserve easing next year. The US Consumer Price Index report showed a lower-than-expected increase in consumer prices in November, raising bets on a dovish policy move by the Federal Reserve in March.