Indian shares little changed as banks counter gains in energy, tech
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BENGALURU - 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 was up 0.12% at 17,436 by 0349 GMT, while the benchmark S&P BSE Sensex rose 0.06% to 58,374.48.
Reliance 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 continued its strong run, rising 0.4%, while the Nifty IT Index rose 0.66% on boost from MindTree Ltd and Larsen & Toubro.
The Nifty Bank Index was down 0.46%, with ICICI Bank 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. [MKTS/GLOB]
