{"id":119619,"date":"2021-08-10T04:32:48","date_gmt":"2021-08-10T04:32:48","guid":{"rendered":"https:\/\/fin2me.com\/?p=119619"},"modified":"2021-08-10T04:32:48","modified_gmt":"2021-08-10T04:32:48","slug":"indian-shares-edge-higher-as-banks-gain-pnb-housing-falls-3","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/indian-shares-edge-higher-as-banks-gain-pnb-housing-falls-3\/","title":{"rendered":"Indian shares edge higher as banks gain; PNB Housing falls 3%"},"content":{"rendered":"<figcaption>FILE PHOTO: A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS\/Francis Mascarenhas<\/figcaption><p>BENGALURU (Reuters) &#8211; Indian shares inched higher on Tuesday, helped by banking and financial stocks, while PNB Housing Finance dropped 3% after an Indian court restricted the company from disclosing the results of shareholder votes on a deal with a group of investors.<\/p>\n<p>By 0345 GMT, the blue-chip NSE Nifty 50 index climbed 0.25% to 16,298 and the benchmark S&amp;P BSE Sensex rose 0.27% to 54,552.06.<\/p>\n<p>India\u2019s Securities Appellate Tribunal (SAT) delivered a split verdict over PNB Housing Finance\u2019s 400 billion rupee ($5.4 billion) share allocation to a group of investors led by Carlyle Group, a judgement seen by Reuters showed.<\/p>\n<p>Nifty 50 components Coal India Ltd and Power Grid Corp LtdNS&gt; are due to report earnings later in the day.<\/p>\n<p>Meanwhile, Asian stocks started off on a weak footing, dragged by a largely soft performance on Wall Street and persistent concerns over the spread of the Delta coronavirus variant. [MKTS\/GLOB]<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/india-stocks\/indian-shares-edge-higher-as-banks-gain-pnb-housing-falls-3-idUSL4N2PH0W6\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":119618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian shares edge higher as banks gain; PNB Housing falls 3% - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/indian-shares-edge-higher-as-banks-gain-pnb-housing-falls-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian shares edge higher as banks gain; 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