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A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, February 28, 2020. REUTERS/Hemanshi Kamani
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BENGALURU, April 1 (Reuters) – Indian shares 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.
The NSE Nifty 50 index (.NSEI) was up 0.11% at 17,484.45, as of 0406 GMT, and the S&P BSE Sensex (.BSESN) rose 0.08% to 58,617.98. Both indexes were set to post weekly gains of about 2% 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 (NTPC.NS) led the gains in the Nifty with a 5% jump, while power transmission firm Power Grid Corp (PGRD.NS) climbed 3.6%. Hero MotoCorp (HROM.NS) slumped 6.3%.
Investors were awaiting March sales data from automakers on Friday.
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Reporting by Chris Thomas in Bengaluru
Our Standards: The Thomson Reuters Trust Principles.
A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, February 28, 2020. REUTERS/Hemanshi KamaniRegister now for FREE unlimited access to Reuters.comBENGALURU, April 1 (Reuters) – Indian shares 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.The NSE Nifty 50 index (.NSEI) was up 0.11% at 17,484.45, as of 0406 GMT, and the S&P BSE Sensex (.BSESN) rose 0.08% to 58,617.98. Both indexes were set to post weekly gains of about 2% 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 (NTPC.NS) led the gains in the Nifty with a 5% jump, while power transmission firm Power Grid Corp (PGRD.NS) climbed 3.6%. Hero MotoCorp (HROM.NS) slumped 6.3%.Investors were awaiting March sales data from automakers on Friday.Register now for FREE unlimited access to Reuters.comReporting by Chris Thomas in BengaluruOur Standards: The Thomson Reuters Trust Principles.