India’s Nifty 50 opens higher; Zee slumps on scrapped merger plans
Economy

India’s Nifty 50 opens higher; Zee slumps on scrapped merger plans

BENGALURU (Reuters) - Indian shares opened higher on Tuesday, boosted by a rise in energy stocks, while shares of Zee Entertainment fell sharply after Japan's Sony scrapped plans of a $10 billion

   

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BENGALURU (Reuters) – Indian shares opened higher on Tuesday, boosted by a rise in energy stocks, while shares of Zee Entertainment fell sharply after Japan’s Sony scrapped plans of a $10 billion merger of its India unit with the broadcaster.

The blue-chip NSE Nifty 50 rose 0.8% to 21,745.05 points and the S&P BSE Sensex gained 0.82% to 72,012.04, as of 9:16 a.m. IST.

(Reporting by Manvi Pant in Bengaluru; Editing by Sonia Cheema)

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