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

Thursday,   25-Nov-2021   09:46 AM (IST)

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.