Indian Equities Rebound on Tuesday, Aided by Easing Retail Inflation
Tuesday, January 14, 2025       18:35 WIB

Jan 14, 202517:48GMT+7
(MT Newswire) - Indian indices rose on Tuesday after four consecutive days of decline, supported by a moderation in domestic consumer inflation.
The country's retail inflation, measured by the Consumer Price Index, provisionally eased to 5.22% in December 2024, down from 5.48% in November 2024, according to data released by the Ministry of Statistics and Programme Implementation on Tuesday.
A drop in crude oil prices value buying at lower levels, and positive global sentiment also helped the local equity markets end in green.
However, investors remained cautious as the rupee hit fresh lows and foreign fund outflows persisted.
At close, the BSE Sensex climbed 169.62 points, or 0.2%, to 76,499.63, while the NSE Nifty 50 rose 90.10 points, or 0.3%, to 23,176.05.
Adani Enterprisesemerged as Tuesday's top gainer, with shares jumping 7%, followed by Adani Ports & Special Economic Zoneand Shriram Finance.
Conversely, HCL TechnologiesHindustan Unileverand Apollo Hospitals Enterprisewere the top laggards.
In corporate news, Tata Communicationshas partnered with luxury car maker Jaguar Land Rover to boost its connected vehicle ecosystem, according to a Tuesday filing with the Indian stock exchanges.
Under the pact, Jaguar will use Tata Communications' MOVE platform for its upcoming medium-sized SUVs built on the new electric modular architecture (EMA).
Meanwhile, Greaves Electric Mobility, the e-mobility arm of Greaves Cotton, has launched a new electric scooter named Ampere Magnus Neo, according to a Tuesday filing with the Indian bourses.

Sumber : MT Newswires