bengaluru indian shares vaulted to a fivemonth high on tuesday driven by sharp gains in bajaj finserv and hdfc life insurance as investors looked past a higherthanexpected inflation print the nse nifty 50 index was up 065 at 18053 as of 0441 gmt while the sp bse sensex rose 065 to 6050302 both indexes were set for their fourth straight session of advances bajaj finserv a holding company for financial services businesses surged as much as 76 ahead of the record date for a stock split and bonus issue of shares shadow lender bajaj finance which is held by bajaj finserv advanced 22 hdfc life insurance company jumped 47 to its highest since june 9 reuters reported on tuesday that british asset manager abrdn plc would sell a stake in hdfc life through a block trade on tuesday the gains outweighed concerns over inflation accelerating to 7 in august above both the 69 forecast in a reuters poll of economists and julys 671 higherthanexpected inflation may put pressure on the central bank to hike interest rates again later this month meanwhile industrial output in july rose a slowerthanexpected 24 a weak industrial print and cpi above the rbis comfort zone are being weighed against continuous foreign investor buying weak oil prices and a weakening dollar index said ajay bodke an independent market analyst risk aversion towards emerging markets is receding bodke added aiding sentiment was a strong finish on wall street overnight and gains in asian peers on tuesday investors are also eyeing us inflation data that will give cues for interest rate outlook and hopes are that it might offer another signal that inflation has peaked meanwhile in domestic markets vedanta rose 19 to a midjune high after reuters reported the company had selected indian prime minister narendra modis home state of gujarat for its semiconductor project