Markets surged in late trades, snapping their five-day losing streak, led by rate sensitive shares on hopes that easing inflation may give central bank the much needed comfort to cut key policy rates.
The 30-share Sensex ended up 222 points at 25,229 and the 50-share Nifty ended up 73 points at 7,527.
As per the data released late Monday, consumer price index-based inflation fell to 7.31% in June, the lowest since its launch in January 2012.
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