Indian shares rose on Thursday, tracking other Asian peers, after underlying U.S. inflation softened in December, boosting the likelihood of further rate cuts by the Federal Reserve.The Nifty 50 was up 0.

India's wholesale inflation, measured by the Wholesale Price Index (WPI), increased to 2.37% in December from 1.89% in November, despite a marginal change in food prices. This is a 25% increase month-over-month. The highest increase was recorded in primary articles inflation, which surged to 6.02% from 5.49%.

The Wholesale Price Index (WPI) based inflation was 1.89 per cent in November The Wholesale Price Index (WPI) based inflation increased to 1.89 percent in November 2024. It was 0.86 per cent in December 2023.

India's annual retail inflation in December eased to a four-month low, government data showed on Monday, boosting hopes of the country's central bank cutting interest rates in February. Annual retail inflation in December eased to 5.

India’s inflation eased last month, while the rupee plunged to a new record low, giving the central bank reason to remain cautious even as most analysts predict interest rate cuts from February.