(Updates at 10:22 a.m. IST)

By Bharath Rajeswaran

Oct 10 (Reuters) - Indian shares rose on Thursday as

minutes from the Federal Reserve's latest policy meeting

reinforced hopes of more rate cuts in the United States, which

could likely trigger more inflows into emerging markets.

The Nifty 50 index was up 0.44% at 25,090.8 points

as of 10:22 a.m. IST, while the S&P BSE Sensex added

0.49% to 81,850.59.

Other Asian markets also advanced on the day, led by China,

after the country's central bank kicked off measures to support

its capital markets.

The MSCI Asia ex-Japan index rose 1.25%.

Wall Street equities gained overnight.

Minutes of the Fed's September policy meeting showed that a

majority of the U.S. central bank officials supported the

outsized 50-basis-point rate cut and indicated further easing.

However, investors have scaled back expectations for

aggressive rate cuts after last week's strong U.S. jobs report.

Investors now await the U.S. consumer price index data on

Thursday and Indian companies' earnings.

India's top information technology company Tata Consultancy

Services reports its quarterly results later in the

day. Its shares rose 0.3%.

Twelve of the 13 major sectors logged gains on the day while

the broader, more domestically-focussed small- and

mid-caps gained about 0.7% each.

India's benchmarks have logged losses in seven of the last

eight sessions, dragged by worries over the escalation of the

Middle East conflict and foreign outflows.

While the outlook for Indian markets remains positive, a

moderation in earnings could bring down inflated valuations and

temper investor expectations, Yogesh Patil, chief investment

officer of equity at LIC Mutual Fund AMC said.

On the day, construction companies - PNC Infratech

and G R Infraprojects gained 4% each, on order

wins.

Star Health Insurance fell 2.2% after the company

said it was a victim of a cyberattack which resulted in

unauthorised access to certain data.

VA Tech Wabag rose 4% after the water

treatment company secured orders from Reliance Industries

.