FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas/File Photo
BENGALURU (Reuters) – Indian shares opened near record highs on Tuesday after data showed the country’s retail inflation eased to a four-month low, while Zee Entertainment surged 10% after top investors sought the removal of its chief executive from its board.
The blue-chip NSE Nifty 50 index was up 0.3% at 17,407.65 by 0346 GMT, and the benchmark S&P BSE Sensex rose 0.32% to 58,362.11.
Zee Entertainment Enterprises jumped after its top shareholders called a special shareholders meet to remove its Chief Executive Punit Goenka as director.
The Nifty Bank index was among the best performing sub-indexes, rising 0.6% in early trade.
Data showed on Monday August retail inflation fell as food prices softened after supply-side constraints eased when pandemic-related curbs were lifted. The reading stayed within the Reserve Bank of India’s 2%-6% comfort range for a second month in a row.
Shares in broader Asia were mixed ahead of key U.S. inflation data, due later in the day.
Reporting by Soumyajit Saha in Bengaluru; editing by Uttaresh.V