Indian shares gained on Wednesday, with the S&P BSE Sensex hitting its highest level since April 5, as easing pace of inflation and strong earnings drove gains.
Foreign institutional investors have also been pumping money into Indian equities, having bought $2.83 billion worth of shares this month until Aug. 12, compared with an inflow of $618 million all through July, data showed.
Asian shares tracked solid Wall Street performance as strong overnight earnings for U.S. retail giants pointed to further scope for the Federal Reserve to tackle inflation with rate hikes.fell as much as 3.8% after the company reduced prices of compressed natural gas and domestic piped natural gas in and around Mumbai.
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