Oct 14 Reuters Indian shares rose on Monday, led by heavyweight financials and Larsen and Toubro LT, while investors awaited the domestic inflation print for clues about the timing of a possible rate cut.

The Nifty 50 index was up 0.6 at 25,113.2 points as of 1122 a.m. IST, while the SP BSE Sensex added 0.7 to 81,924.47.

The benchmarks fell about 5 over the last two weeks on worries of escalating Middle East tensions, slowing corporate earnings and foreign outflows.

Nine of the 13 major subsectors traded higher on the day, with financials gaining 1. They slipped 5.2 in the last two weeks.

HDFC Bank, India39;s largest lender by market value, added 1.9 and was the biggest boost to the Nifty 50.

Investors are moving money to financials after the sector39;s recent underperformance, said Kranthi Bathini, director equity strategy at WealthMills Securities.

The more domesticallyfocussed midcaps fell 0.1 while smallcaps rose 0.13.

Construction bellwether LT jumped 2 after JP Morgan started coverage on the stock with an overweight rating on expectations that the company is well placed to navigate capital expenditure cycles in India and the Middle East.

Focus will now be on domestic inflation data for September, due after the closing bell, which is expected to have overshot the central bank39;s target.

The print will be parsed for clues on the timing of a rate cut after the central bank last week shifted its policy stance to neutral, signalling openness to reduce…