Indian Shares Modestly Higher In Early Trade

(RTTNews) - Indian shares were seeing modest gains in early trade on Wednesday after suffering heavy losses in the last few sessions. The benchmark BSE Sensex edged up by 168 points, or 0.20 percent, to 84,834 while the broader NSE Nifty index was up 62 points, or 0.2 percent, at 25,901. Tata Power Company added 1.4 percent after commissioning the 400 kV Koteshwar-Rishikesh transmission line. Zydus Lifesciences advanced 1.1 percent. Its subsidiary Zydus Lifesciences Global FZE has formed a strategic alliance with Formycon AG to exclusively license and supply FYB206. Swiggy rose nearly 2 percent after launching a Rs. 10,000-crore ($1.11 billion) QIP at an indicative floor price of Rs. 371 per share.