Indian shares advanced for the fourth consecutive session on Wednesday, driven by consumer goods, metals, and realty stocks ahead of the Reserve Bank of India's monetary policy decision.
The Nifty 50 index rose 0.68% to reach 18,726.40, while the benchmark S&P BSE Sensex closed 0.56% higher at 63,142.96, both reaching more-than-six-month highs.
All 13 major sectoral indexes logged gains, including high-weightage financials and information technology. The RBI is expected to leave its key interest rate unchanged this week and the rest of the year, according to a Reuters poll of economists.
India's retail inflation also eased to an 18-month low of 4.70% in April, below the RBI's upper tolerance level.
