Indian shares little changed as banks counter gains in energy, tech

  • 11/25/2021
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BENGALURU, Nov 25 (Reuters) - Indian shares were subdued in volatile trading on Thursday, as technology and energy sectors offset losses in banking stocks, while heavyweight Reliance Industries jumped more than 1% after a sharp fall in the previous session. The blue-chip NSE Nifty 50 index (.NSEI) was up 0.12% at 17,436 by 0349 GMT, while the benchmark S&P BSE Sensex (.BSESN) rose 0.06% to 58,374.48. Reliance (RELI.NS) erased most of the previous session"s losses, jumping 1.23%. It said on Wednesday its board will implement a scheme of arrangement to transfer its gasification undertaking to a wholly-owned unit. The Nifty Energy Index (.NIFTYENR) continued its strong run, rising 0.4%, while the Nifty IT Index (.NIFTYIT) rose 0.66% on boost from MindTree Ltd (MINT.NS) and Larsen & Toubro (LRTI.NS). The Nifty Bank Index (.NSEBANK) was down 0.46%, with ICICI Bank (ICBK.NS) leading losses with its 1.53% fall. Globally, stocks wobbled on a rising dollar after policy makers said they were ready to speed up tapering of stimulus if inflation stayed high. Reporting by Vishwadha Chander in Bengaluru; editing by Uttaresh.V

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