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Indian Shares Marginally Higher In Lackluster Trade

RTTNews | 21 days ago

Indian Shares Marginally Higher In Lackluster Trade

(RTTNews) - Indian shares struggled for direction in early trade on Friday as long-term U.S. Treasury yields resumed their climb and oil prices remained elevated near one-month highs amid the continuing standoff between Washington and Teran over control of the Strait of Hormuz.

The benchmark 30-share BSE Sensex edged up marginally to 77,582 after rebounding sharply on Thursday to snap its seven-session losing streak. The NSE Nifty index inched up 11 points at 24,243.

Power Grid Corp, Kotak Mahindra Bank and BEL all rose around 1 percent while Titan Company, Hindustan Unilever and Indigo fell around 1 percent each.

RailTel Corp rallied 2.6 percent on bagging a Rs. 165 crore order from Western Coalfields.

Kfin Technologies surged 2.5 percent after private equity firm General Atlantic divested an 8.7 percent stake in the company for around Rs. 1,400 crore.

Amagi Media Labs soared 7.7 percent after announcing upcoming investor meetings in Mumbai on August 26-27.

Saatvik Green Energy climbed 3.3 percent after its arm, Saatvik Solar Industries, bagged an order worth Rs. 190 crore for the supply of solar PV modules.

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