Indian shares were slightly up as consumer price inflation in June dropped to 2.10 percent, the lowest in over six years. This paves the way for potential RBI rate cuts. Sensex gained 160 points, Nifty up by 49 points. Bharti Airtel, BEL, Sun Pharma, Rallis India, and Tata Technologies saw gains. HCL Technologies fell by 3 percent after Q1 earnings miss. Tejas Networks reported a Rs 194 crore loss in Q1. HDB Financial Services and HDFC Life remained steady before earnings announcement.

Read more at Nasdaq.: Sensex, Nifty Modestly Higher As CPI Inflation Hits 6-year Low