Indian shares edge up; Reliance rises after solar energy deal
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Indian shares rose on Tuesday, with index heavyweight Reliance Industries advancing after a deal to buy a U.S. solar energy software maker, while investors also drew comfort from a dip in oil prices.
The NSE Nifty 50 index was up 0.41% at 17,737.7, as of 0356 GMT, while the S&P BSE Sensex gained 0.39% to 59,475.24.
Reliance Industries gained 1.1% after the company said it would acquire a 79.4% stake in California-based solar energy software developer SenseHawk for $32 million.
Apollo Hospitals Enterprise was the top percentage gainer on the Nifty 50, rising as much as 2.5%.
Oil prices slipped on Tuesday after a 3% gain on Monday, as an OPEC+ deal to cut output in October was seen as a largely symbolic move to stem the market's recent slide. Asian shares rose after China pledged to make renewed efforts to boost its sagging economy. [O/R] [MKTS/GLOB]
