ABB India surges after parent's buyback plan

Reuters Market Eye - ABB India Ltd surges 4.3 percent after parent ABB Ltd said on Tuesday it would buy back $4 billion shares.

Parent's buyback offer seen boosting sentiment for its global subsidiaries including India, traders say.

ABB Ltd holds 75 percent in ABB India via two units, BSE data shows.

(Reporting by Abhishek Vishnoi)