Indian shares ended higher on Monday, buoyed by auto and real estate stocks, as investors awaited headline inflation data due later in the evening.
The broader NSE Nifty closed 0.32% higher at 11,341.15 and the benchmark BSE Sensex ended up 0.23% at 38,214.47.
Indian retail inflation probably reached a 12-month high in September, but still leaving room for further interest rate cuts because it’s expected to remain below the Reserve Bank of India’s target, according to a Reuters poll.
Meanwhile, auto stocks led gains, with the index rising 1.67% at close. Tata Motors closed up 5.03%.
DLF Ltd rose 6% and lifted the Nifty real estate index to end 1.92% higher.
Infosys Ltd was the top loser of the day, dropping 3.5%.