India Shares Rise as IT Gains Offset Oil Surge, Foreign Outflows

Nifty 50 recovers after early drop as IT gains offset weakness in oil, banks Indian shares reversed course by midday Tuesday, with the Nifty 50 rising 0.18% to 23,425.40 at 12:48 p.m. in Mumbai. Tech stocks jumped, outweighing losses in oil and bank names as well as foreign outflows. The index had opened lower, hurt by Middle East tensions and selling from overseas funds.