Retail inflation in India likely eased to 6.35% in February, but stayed above the Reserve Bank of India's upper threshold for a second straight month, a Reuters poll of 43 economists showed. Meanwhile, U.S. authorities on Sunday announced plans to limit the fallout from the collapse of Silicon Valley Bank. Yes Bank Ltd shares fell 13% after the company said locked-in shares have been released on March 13 after the period ended as a part of the lender's restructuring. ($1 = 81.9600 Indian rupees) (Reporting by Nallur Sethuraman and Nishit Navin in Bengaluru; Editing by Janane Venkatraman)
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net)) BENGALURU, March 13 (Reuters) - Indian shares edged up
on Monday, helped by gains in heavyweight information technology
shares led by a rally in Tech Mahindra after the company named a
new chief executive, while investors awaited inflation data due
later in the day.
The Nifty 50 index rose 0.6% to 17,519.05, while
the S&P BSE Sensex gained 0.6% to 59,474.30, as of
09:25 a.m. IST.
Shares of Indian IT services provider Tech Mahindra surged 8% after it named Mohit Joshi as chief
executive officer.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.