Indian shares rise as mild US inflation spurs global rally

Aug 13, 2025, 11:36 GMT+7
(Reuters) -Indian shares rose on Wednesday, tracking Asian peers, after softer U.S. retail inflation boosted bets of a Federal Reserve rate cut in September, while easing domestic price pressures also supported sentiment.
The Nifty 50rose 0.5% to 24,602.9 points and the BSE Sensexgained 0.38% to 80,526.94, as of 10:00 a.m. IST.
Fourteen of the 16 major sectors logged gains. The broader small-capsand mid-caps gained about 0.6% and 0.8%, respectively.
Asian markets rose on the day, with the MSCI Asia ex-Japan index (.MIAPJ0000PUS) gaining 0.9%.
Wall Street closed higher on Tuesday after U.S. consumer prices increased marginally in July, up 0.2% month-on-month. The in-line print lifted September Fed rate cut odds to 94% from 86% a day earlier.
Lower U.S. rates typically boost the appeal of emerging market equities, including India, as yields on U.S. Treasuries fall.
India's retail inflation dropped to an eight-year low of 1.55% in July, slipping below the Reserve Bank of India's tolerance band of 2%-6%, driven by falling food prices.
"The undertone in the market is bullish as positive cues from lower CPI reading in India and steady U.S. inflation boosted sentiment," said Prashanth Tapse, senior vice president of research at Mehta Equities.
Among individual stocks, Apollo Hospitalsclimbed 6% after posting a rise in June-quarter profit on higher patient volume.
Aluminium and copper producer Hindalcogained 4.3% after it beat quarterly profit view on strong demand.
Nykaajumped 4% after reporting a two-fold rise in quarterly profit on beauty products demand.
Paytmadvanced 3.6% after announcing its subsidiary Paytm Payments Services received an in-principle approval from the RBI to operate as an online payment aggregator.
Bharat Dynamicsgained 3% after posting a rise in June quarter results, helped by a strong order book and easing supply chain issues.
($1 = 87.5800 Indian rupees)

Sumber : Reuters