Rate cut hopes help Indian shares as Reliance gains again – ZAWYA

Rate cut hopes help Indian shares as Reliance gains again – ZAWYA

Rate cut hopes help Indian shares as Reliance gains again | ZAWYA MENA Edition HomeMarketsArticleRate cut hopes help Indian shares as Reliance gains again Headline inflation data for June expected Monday evening    A woman walks past a poster of Reliance Industries installed outside the venue of the company's annual general meeting in Mumbai June 7, 2012. Image used for illustrative purpose.BENGALURU - Indian shares inched higher on Monday, with most sectors gaining as investors bet June inflation data later in the day would open the way to further cuts in interest rates by the central bank to help an economy battered by coronavirus lockdowns and surging cases.The broader NSE Nifty 50 index rose 0.82% to 10,856.05 by 0345 GMT and the benchmark S&P BSE Sensex was up 0.83% at 36,898.33.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%.The broader NSE Nifty 50 index rose 0.82% to 10,856.05 by 0345 GMT and the benchmark SBENGALURU - Indian shares inched higher on Monday, with most sectors gaining as investors bet June inflation data later in the day would open the way