Sensex, Nifty Marginally Higher In Early Trade

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Indian shares were little changed on Monday as investors looked ahead to a Federal Reserve meeting due this week, with market participants expecting Fed officials to raise benchmark rates by 25 basis points.

The benchmark BSE Sensex was up 25 points or 0.07 percent at 33,199 in early trade, while the broader Nifty index was up 12 points or 0.12 percent at 10,207.

Videocon Industries tumbled 2.7 percent on news that it is considering selling stake in Brazil oil block.

Zee Entertainment Enterprises was marginally lower after it called off a deal to acquire 100 percent equity stake in 9X entities.

Max Financial slid half a percent on fund raising reports.

Thermax rallied 2 percent on winning an EPC order worth Rs 503 crore.

Cadila Healthcare rose about 1 percent after it received the U.S. FDA approval for omeprazole and sodium bicarbonate capsules.

PNC Infratech jumped 2.5 percent after it was declared the lowest bidder for Rs 1,197 crore Aligarh-Kanpur project.

Yes Bank edged up 0.3 percent after LIC increased its stake in the firm by 2.03 percent to 9.62 percent.

IOC lost 3 percent to extend losses for the fourth consecutive session.