From Nasdaq: 2025-05-14 00:29:00

Indian shares surged higher on Wednesday as retail inflation in April eased to the lowest level in nearly six years, raising hopes for more rate cuts from the Reserve Bank of India. Consumer price inflation dropped to 3.16 percent, lower than the expected 3.27 percent. The S&P/BSE Sensex rose 0.6 percent while NSE Nifty index was up 0.7 percent. Companies like Tata Power, Bharti Airtel, and Tata Steel saw gains, while Tata Motors reported a decline in net profit. Garden Reach Shipbuilders & Engineers also saw a significant increase in quarterly net profit.



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