BENGALURU, Feb 13 Reuters Indian shares rose on Tuesday, led by a rebound in financials, while easing domestic inflation and hopes of an increase in foreign inflows aided sentiment.

The NSE Nifty 50 index rose 0.59 to 21,743.25, while the SP BSE Sensex settled 0.68 higher at 71,555.19.

Eleven of the 13 major sectors logged gains. Financials, the highestweighted of the 13 major sectors, gained 1.37 on the day after dropping 1.41 in the previous session.

The outlook for domestic equities remains positive, with cooling core inflation and rising weightage in the MSCI Global Standard index aiding sentiment, said Sanjeev Hota, vice president and head of research at Sharekhan.

India39;s retail inflation cooled to a threemonth low in January, indicating macroeconomic stability, while global index provider Morgan Stanley Capital International MSCI raised India39;s weightage in its Global Standard index.

India could witness upwards of 1.2 billion passive foreign portfolio investor FPI inflows due to the index revision, said Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.

The broader, more domesticfocussed smallcaps and midcaps rose 0.17 and 0.34, respectively, underperforming the bluechips for the third session in a row.

The recent correction in small and midcaps is healthy and much needed to clear the froth in the segment and provide new entry opportunities, said Sanjiv Bhasin, a director at IIFL Securities.

On the flip side, metals lost 2.07….