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Sensex, Nifty Tad Higher In Early Trade

Indian shares were a tad higher on Monday despite mixed global cues and a disappointing earnings report from TCS, India's largest software services firm.

The benchmark 30-share BSE Sensex edged up 191 points, or 0.3 percent, to 60,250 in early trade while the broader NSE Nifty index was up 68 points, or 0.4 percent, at 17,963.

Reliance Industries rose about 1 percent on news it will acquire 40 percent stake in Sterling & Wilson Solar Ltd. Shares of the latter jumped 13 percent.

TCS slumped 5.4 percent after its Q2 earnings missed Street estimates. Tech Mahindra lost 1.8 percent while Infosys, HCL Technologies and Wipro fell about 1 percent.

Solar Industries India shares soared 7 percent. The company said that it received orders worth Rs 1,471 crore from Coal India to supply bulk explosives over a period of two years.

Coal India rallied 3.4 percent after reports it will seek approval from its board for divestment of 10 percent of paid-up capital in CMPDIL.

Bharti Airtel dropped 1 percent after it rolled out a Rs 6,000 cashback for customers who purchase a smartphone priced up to Rs 12,000.

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