BENGALURU, Oct 25 Reuters Indian shares rose on Wednesday, led by a rise in metals after markets cheered China39;s approval of a mega sovereign bond issue as a sign of stimulus, while an easing of U.S. Treasury yields and crude oil prices further helped sentiment.

The NSE Nifty 50 index was up 0.10 at 19,301.25 as of 1006 a.m. IST, and the SP BSE Sensex rose 0.09 to 65,631.85.

Metals gained 1.5, after top consumer China approved a trillionyuan sovereign bond issue to improve infrastructure. Hindalco Industries, Tata Steel and JSW Steel were the top Nifty 50 gainers, adding between 1.2 and 3.5.

India39;s Nifty has so far fallen nearly 2 since October 9, the onset of the IsraelHamas military clashes.

The Middle East is likely to be a temporary factor, said Sanjiv Bhasin, director at IIFL Securities, adding that the strength in domestic mutual fund inflows and festive demand could revive market momentum.

Asian markets are up 0.6. Wall Street equities gained overnight, boosted by strong quarterly results.

U.S. Treasury yields eased from multiyear highs, ahead of the release of U.S. GDP data and a key inflation metric.

Meanwhile, Brent crude futures extended losses for the third session in a row, easing to 88 per barrel. A fall in oil prices is a positive for importers of the commodity like India.

Sugar stocks like Balrampur Chini Mills, Shree Renuka Sugar, Dhampur Sugar jumped between 2 and 4, aided by rise in global sugar prices to a 12year high, on tightening…