Indian shares up on boost from Tata Motors, inflation data optimism
0.92% in April, from the same month a year earlier, having risen 1.34% in March and compared with economists' expectations of a fall of 0.20%.to an 18-month low in April. Economists now expect the central bank to pause" its interest rate hikes.
"India's macroeconomic performance is showing further signs of improvement, and this is providing a major fillip to the markets, said Shrikant Chouhan, head of equity research at Kotak Securities. "Positive Asian and European market cues coupled with a further drop in wholesale inflation numbers fuelled a major rally."
World stocks rose on cautious optimism ahead of this week's deliberations over the U.S. $31.4 trillion debt ceiling, a raft of economic data due and a bevvy of central bankers lined up to hint about whether further rate hikes await.lost nearly 2% after the drug maker reported a smaller-than-expected profit., which operates the DMart chain of retail stores, fell over 4% after its quarterly profit margin contracted.
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