Indian share prices rose 1.01 percent on Friday, on improving global market trends after the US Federal Reserve kept key rates unchanged, dealers said. They said sentiment also improved as India's inflation fell to a 14-month low, according to data released on Friday, easing pressure for a further interest rate hike.
The 30-share Sensex index rose 145.94 points to 14,650.51. Dealers said sentiment was strong after the monthly derivatives contract rolled over smoothly. India's inflation rate fell to 4.03 percent for the week ended June 16, in line with India's central bank Reserve Bank of India's medium term target of 4.0-4.5 percent.
"The tone of the US Fed statement was positive on growth as well as inflation, which aided global market sentiment," said Manika Premsingh, economist at brokerage Edelweiss Capital.
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