Key stock market indices kicked off the new financial year on a quiet note on Friday, with gains in power company stocks helping marginally offset a sharp fall in two-wheeler maker Hero MotoCorp.
In the opening session, the NSE Nifty 50 index was up 0.11 per cent at 17,484.45 and the S&P BSE Sensex rose 0.08 per cent to 58,617.98. Both indexes were set to post weekly gains of about 2 per cent each.
Asian peers were trading lower on Thursday with investors worried about the impact of the Russian-Ukrainian war and rising risks of recession.
Power producer NTPC led the gains in the Nifty with a 5 per cent jump, while power transmission firm Power Grid Corp climbed 3.6 per cent. Hero MotoCorp slumped 6.3 per cent.
Investors were awaiting March sales data from automakers on Friday.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.