Indian shares slip early, Tata Power rises

MUMBAI: Indian shares dropped in early trade on Wednesday, taking cues from weak. Asian markets and with many investors staying away ahead of year-end.

Tata Power rose 3.7 percent after the utility said late on Tuesday it would buy out BP Alternative Energy Holding's 51 percent stake in joint venture Tata BP Solar.

At 9:17 a.m. (0347 GMT), the main 30-share BSE index was down 0.2 percent at 15,849.22, with 19 of its components falling.

The 50-share NSE index was down 0.2 percent at 4,740.50.