Indian shares rise as energy, technology stocks gain
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BENGALURU - Indian shares inched higher on Tuesday, snapping four sessions of losses, as beaten-down technology shares regained some footing and energy stocks gained following a rise in oil prices.
The NSE Nifty 50 index was up 0.3% at 17,223.25, as of 0348 GMT, while the S&P BSE Sensex rose 0.18% to 57,273.12.
Both the indexes shed roughly 2% each in the previous session after weak March-quarter results from Infosys triggered a sharp selloff in IT stocks.
Early on Tuesday, Nifty's IT sub-index rose after seven sessions of losses and added 1%. Shares of Mindtree rose as much as 3.1% after March quarter results.
Energy stocks jumped more than 1% as oil prices rose amid deepening concerns over tight global supplies. [O/R]
($1 = 76.4000 Indian rupees)
(Reporting by Chandini Monnappa in Bengaluru; editing by Uttaresh.V)
