Indian shares open higher on BPCL, auto support

Reuters

The blue-chips NSE Nifty 50 added 0.35% to 22,036 points

Hritam Mukherjee, Reuters News

May 10, 2024

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Indian shares opened higher on Friday, aided by gains in auto stocks and a post-results jump in Bharat Petroleum.

The blue-chips NSE Nifty 50 added 0.35% to 22,036 points, while and S&P BSE Sensex advanced 0.4% to 72,679.28, as of 9:40 a.m. IST.

Oil marketing company Bharat Petroleum Corp Ltd jumped 4% despite missing fourth-quarter profit estimates, as it announced an issue of bonus shares.

Auto stocks rose 0.9%, led by 2% gains in Nifty components Bajaj Auto and Hero MotoCorp. (Reporting by Hritam Mukherjee in Bengaluru; Editing by Savio D'Souza)

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