India, Aug. 19 -- Indian shares rose modestly on Tuesday, extending gains from the previous session amid hopes that Prime Minister Modi's recent GST reforms will potentially ease inflation and pave the way for further rate cuts by the Reserve Bank of India (RBI).

After the income tax relief announced in Budget 2025, the long-awaited GST reforms are expected to further lift the disposable incomes of consumers and boost corporate earnings growth.

Investor sentiment was also underpinned by renewed diplomatic efforts aimed at ending the war in Ukraine and improving Sino-India relations amidst global uncertainty.

China has lifted export restrictions on fertilizers, rare earth minerals and magnets, and tunnel boring machines to India -- a step...