Indian shares climbed on Monday, as investors bet June inflation data later in the day would lead to further interest rate cuts by the country's central bank, while Reliance Industries gained for a third session.
The broader NSE Nifty 50 index rose 0.79% to 10,853.1 by 09:57 am and the benchmark S&P BSE Sensex was up 0.78% at 36,880.57.
A Reuters poll last week showed India's headline inflation likely eased to 5.3% in June, still just over a point above
Reserve Bank of India's medium-term target of 4.0%.
RBI governor Shaktikanta Das on Saturday also said inflation will continue to moderate going forward and investment activity will revive, but cautioned about uncertainty in the economy's medium-term outlook.
11 Aug 2020 02:42 PM
The Indian rupee logged its best day against the dollar in three weeks, tracking buoyant risk appetite in the region
11 Aug 2020 02:13 PM
The British pound held near five-month highs on Tuesday against a broadly steady greenback even as data showed job losses in Britain spiked
11 Aug 2020 11:48 AM
India's Nifty 50 index hit a five-month high on Tuesday as signs of a recovery in Chinese economic activity powered gains in metal stocks, with less worse-than-feared domestic earnings reports also helping sentiment amid a rise in coronavirus cases.
11 Aug 2020 10:46 AM
Gold fell on Tuesday as the dollar firmed after Beijing slapped sanctions on U.S. officials in the latest flare-up in tensions between Washington and Beijing, with investors also keeping a close watch on negotiations over a U.S. stimulus plan.
11 Aug 2020 10:34 AM
The Indian rupee was at 74.83/74.84, against 74.8925/74.9025 in the previous session
11 Aug 2020 09:46 AM
Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen.