India, Dec. 11 -- Indian shares were modestly higher in early trade on Wednesday amid speculation that the U.S. tariffs on China due to take effect on Sunday may be delayed.
The benchmark S&P BSE Sensex rose by 167 points, or 0.42 percent, to 40,406, while the broader NSE Nifty index was up 38 points, or 0.32 percent, at 11,894.
SBI shares fell around 1 percent. According to the RBI's risk assessment report, the bank has underreported bad loans and their provisioning by Rs. 11,932 crore and Rs. 12,036 crore, respectively, in 2018-19.
Yes Bank slumped 6.7 percent after the private sector lender said it is mulling a $500 million investment offer from London-based Citax Holdings and Citax Investment Group.
Reliance Industries edged down sl...