#Mumbai

Market benchmark indices Sensex and Nifty settled in the positive territory on Wednesday, tracking a rally in global peers, amid hopes of a rate cut by the US Federal Reserve and fresh foreign fund inflows. The Sensex climbed 369 points to settle at 84,997. The Nifty went up by 118 points to 26,054.

“Stock markets edged higher on Wednesday amid upbeat global cues. Investor sentiment remained supported by expectations of a potential US Federal Reserve rate cut and encouraging updates on possible trade deals,” Ajit Mishra - SVP, Research, Religare Broking Ltd, said. From the Sensex firms, Adani Ports, NTPC, Power Grid, HCL Tech, Tata Steel, Sun Pharma, Trent and Asian Paints were among the major gainers.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Shanghai’

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