Sensex and Nifty Surge as Investors Await May Inflation Data and Fed’s Monetary Policy Decision

Indian stock market indices, Sensex and Nifty, opened on a positive trajectory today as investors eagerly awaited the release of May’s retail inflation data and monitored the US Federal Reserve’s monetary policy decision. The S&P BSE Sensex registered a rise of 0.19% at 9:16 am, reaching 62,741.42, while the NSE Nifty 50 climbed 0.18% to 18,597.08. The broader markets also showcased positive momentum, further reinforcing investor confidence.

Global equity funds see biggest inflow in six weeks

Global equity funds drew massive inflows in the seven days to Feb. 9 as investors cheered strong earnings results from U.S. and European companies, shrugging off concerns over a rise in bond yields and inflation.