bengaluru aug 16 reuters  indian shares opened higher on tuesday as data showing consumer inflation eased for a third straight month raised hopes that the central bank may rein in the pace of its rate hikes next month the nse nifty 50 index nsei was up 05 at 177854 as of 0350 gmt while the sp bse sensex bsesn was 06 higher at 598172 indian markets were closed on monday for a holiday indias consumer inflation dipped to 671 in july aided by a slower increase in food and fuel prices the figure was marginally lower than the 678 forecast by economists in a reuters poll read more asian stock markets struggled for direction weighed down by worries over global growth following weak china data that knocked oil prices and commoditylinked currencies banking and auto stocks gained in india with the nifty auto index niftyauto up 11 shares of life insurance corporation of india lifins rose 25 after the countrys biggest insurer posted a 20 jump in junequarter premium income on friday read more indias currency and debt markets remained closed on tuesday for a holiday reporting by tanvi mehta in bengaluru editing by subhranshu sahu