(RTTNews) – Indian stocks opened up a little on Friday, ignoring China’s poor economic awareness and emerging Covid-19 cases in the country.
The S-P BSE Sensex benchmark rose 177 points, or 0.46 consistent with a penny, to 38,487 in early trades, while the wider NSE Nifty index rose 47 points, or 0.42 consistent with a penny, to 11,348.
Tata Steel rose despite a higher-than-expected consolidated net loss in the first quarter that ended in June.
Hero MotoCorp fell 1.2% after its first quarter profit fell 95% due to a significant drop in retail sales due to covid-19’s pandemic.
Shriram Transport Finance lost 3% due to a 50% drop in first quarter earnings.
Glenmark Pharma rose 2.3%, Berger Paints won 0.6% and Hindalco Industries rose 0.7% ahead of profits.
Praj Industries fell 1.7% and Minda Corporation lost 0.7% after publishing quarterly results.