India's benchmark indexes may open higher on Wednesday, after logging their biggest daily losses in a month in the last session, lifted by milder-than-expected U.S. and domestic inflation numbers for April.

Sensex surged over 500 points and Nifty crossed 24,700 in Wednesday's opening, driven by cooling retail inflation in India and the US. Broad market gains were seen, led by Tata Steel and Bharti Airtel.

In the past 13 months, the food inflation has seen a sharp decline of 91 basis points in April 2025 in comparison to March 2025, when it stood at 2.69%, and is the lowest after October 2021. All India inflation rates for CPI (General) and CFPI over the last 13 months are shown below.

By Pranoy Krishna BENGALURU (Reuters) -Indian consumer inflation likely eased to a near six-year low in April after a further moderation of food price rises, keeping it below the Reserve Bank of India's 4% medium-term target for a third straight month,

India's retail inflation inched down to 3.16% in April; US consumer price index increased 0.2% last month, below expectations of a 0.3% gain

Retail inflation in India cooled for the sixth consecutive month in April 2025, coming in at 3.16%, the lowest it has been in 69 months. The fall in prices has been driven in large part by sharply easing food prices, especially those of vegetables and pulses.

The Indian equity markets are expected to navigate a volatile landscape in the week ahead, driven by a convergence of macroeconomic releases, quarterly corporate results, and geopolitical developments.

With food prices easing further, economists now see June quarter and FY26 inflation trending below the RBI’s four percent forecast.