BUZZ — Indian shares inch up as oil eases; IT, Tata drop, IPO rush weigh

* Indian shares inch higher, with Nifty 50 and Sensex rising 0.2% each, aided by a pullback in oil prices and bargain buying after a recent slide * IT stocks drop 1.6% on concerns over client spending due to potential prolonged high interest-rate regime * Strong demand for domestic IPOs is sucking out liquidity from stock markets, limiting gains, say two analysts * Barring IT, all the other 15 major sectors advance; small-caps and mid-caps gain 1.1% and 0.5% respectively * Despite the session's gains, both benchmarks are on course for sixth weekly losses, the longest such streak in over six years since the COVID-19-induced market decline in early 2020 * Most Tata group stocks decline, with TCS, Tata Motors PV, Tata Investment, Tata Chemicals and Tata Technologies dropping 2.5%-9% * Overall, Tata group firms lose $3.2 billion in market value on the day, as investors reacted to heightened uncertainty over the potential listing and leadership of holding company Tata Sons * Dr. Reddy's gains 2% after signing a distribution deal with Japanese drugmaker Takeda for a dengue vaccine in India (Reporting by Bharath Rajeswaran in Bengaluru) ((bharath.rajeswaran@thomsonreuters.com; +91 9769003