Indian shares end higher as Reliance rallies; inflation data awaited – ZAWYA

Indian shares end higher as Reliance rallies; inflation data awaited – ZAWYA

Indian shares end higher as Reliance rallies; inflation data awaited | ZAWYA MENA Edition HomeMarketsEquitiesArticleIndian shares end higher as Reliance rallies; inflation data awaited Reliance Industries ends at fresh record close    A man speaks on his mobile phone as he walks past a closed shop painted with an advertisement of Reliance Communications in Mumbai, India, February 4, 2019. BENGALURU - Indian shares ended higher on Monday, led by a rally in Reliance Industries, ahead of June's inflation data which investors bet would lead to further interest rate cuts by the central bank.However, gains were capped by declines in the banking and financial sectors after rating agency Moody's warned of challenging economic and credit conditions stemming from COVID-19 for Indian banks. The broader NSE Nifty 50 index ended up 0.32% at 10,802.7 and the benchmark S&P BSE Sensex finished 0.27% higher at 36,693.69.However, gains were capped by declines in the banking and financial sectors after rating agency Moody's warned of challenging economic and credit conditions stemming from COVID-19 for Indian banks. BENGALURU - Indian shares ended higher on Monday, led by a rally in Reliance Industries, ahead of June's inflation data which investors bet would lead to further interest rate cuts by