Stock markets rally on US Fed rate cut hopes, fresh foreign fund inflows

Market Performance - The BSE Sensex increased by 368.97 points or 0.44% to close at 84,997.13, with an intraday high of 85,105.83, up by 477.67 points or 0.56% [3] - The NSE Nifty rose by 117.70 points or 0.45% to finish at 26,053.90 [4] Sector Performance - Major gainers in the Sensex included Adani Ports, NTPC, Power Grid, HCL Tech, Tata Steel, Sun Pharma, Trent, and Asian Paints [5] - Lagging stocks included Bharat Electronics, Eternal, Mahindra & Mahindra, and Maruti [5] Global Market Influence - Asian markets showed positive performance, with South Korea's Kospi, Japan's Nikkei 225, and Shanghai's SSE Composite index all closing higher [7] - Optimism regarding potential progress in India-US trade talks contributed to positive market sentiment [7] Investor Sentiment - Anticipation of a 25-basis point rate cut by the US Federal Reserve is influencing global market expectations, with investors keenly observing the Fed's commentary for future guidance [8] - Foreign Institutional Investors (FIIs) purchased equities worth ₹10,339.80 crore on Tuesday [8] Commodity Prices - The global oil benchmark Brent crude increased by 0.23% to $64.55 per barrel [8]