The BSE Sensex rose 240 points, or 0.3%, to 80,476 in morning trade on Wednesday, snapping losses from the previous session. The gains tracked a sharp rise on Wall Street on Tuesday, as easing US inflation raised hopes of a potential interest rate cut by the Fed at its upcoming meeting. Domestic sentiment also improved after India’s inflation rate slowed sharply in July, falling below the RBI's 2%–6% target range for the first time since 2019. The data reinforced market expectations that the RBI may consider a rate cut later this year. Adding to the upbeat sentiment, confidence was further bolstered by a report from The Indian Express suggesting that Prime Minister Modi may meet US President Trump during his visit to the US next month for the UN General Assembly, raising hopes of progress in resolving the ongoing tariff dispute. All sectors traded in the green, led by metals and healthcare. Among early gainers were Tata Motors (1.6%), Tata Steel (1.2%), and Kotak Mahindra Bank (1.0%).