Indian equities rose on the back of positive US inflation figures that reduced expectations of further interest rate hikes by the Federal Reserve. The gains came despite ongoing geopolitical tensions in the Middle East and oil prices near 85 dollars a barrel.
The NSE Nifty advanced 26.5 points while the BSE Sensex climbed 130.5 points. The moves aligned with broader gains across Asian markets.
Foreign portfolio investors continued to sell shares. Domestic institutional investors provided support through purchases.
Oil prices around 85 dollars a barrel capped further advances and raised concerns about potential supply disruptions. Investor sentiment has remained cautious amid recent geopolitical tensions in the Middle East.
