BENGALURU, Aug 10 (Reuters) – 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.
India’s Securities Appellate Tribunal (SAT) delivered a split verdict over PNB Housing Finance’s (PNBH.NS) 400 billion rupee ($5.4 billion) share allocation to a group of investors led by Carlyle Group, a judgement seen by Reuters showed. read more
Nifty 50 components Coal India Ltd (COAL.NS) and Power Grid Corp Ltd NS> are due to report earnings later in the day.
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.
Reporting by Nallur Sethuraman in Bengaluru; Editing by Ramakrishnan M.
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