Mumbai, Aug 29
The Indian benchmark indices opened marginally higher on Friday, as the markets strive to overcome the impact of steep tariffs imposed by the US.
The Nifty 50 rose by 36 points, or 0.15 per cent, to 24,537 in early morning trade. Meanwhile, the BSE Sensex gained 118 points, or 0.15 per cent, to 80,199.
BSE Midcap and smallcap indices were trading flat. Among sectors, FMCG index was up 1.59 per cent, while the auto index was down 0.84 per cent. Nifty Provate bank was up 0.43 per cent.
Among the Nifty pack, Kotak Mahindra Bank, Trent, HUL, Tata Steel, TCS and Asian Paints were among major gainers. The major laggards were Shriram Finance, Apollo Hospitals, Titan Company, L&T, ICICI Bank.
Analysts said that Nifty has formed a strong bearish candle on the daily chart, highlighting continued selling pressure.