Indian shares end higher ahead of inflation data; Infosys drops [Reuters]
Infosys Limited American Depositary Shares (INFY)
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Source: Reuters
Indian shares end higher ahead of inflation data; Infosys drops - Reuters 1 Min Read * NSE index ends up 0.32%, BSE index 0.23% higher * Tata Motors gains 5% * Infosys sheds 3.5% BENGALURU, Oct 14 (Reuters) - 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 index closed 0.32% higher at 11,341.15 and the benchmark BSE index 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%. (Reporting by Derek Francis in Bengaluru; editing by Uttaresh.V) Al
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