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Stocks rally as US recession fears fade, Nifty ends above 24500
Key equity indices surged today, driven by optimism over a potential soft landing in the US. Positive economic data and easing inflation concerns boosted global sentiment, lifting domestic markets. IT, realty, and auto sectors led the broad-based rally. Domestically, lower CPI inflation added to the cheer, though lukewarm Q1 earnings and persistent FII selling capped gains.