Indian equity benchmarks inch higher at the open as auto gains outweigh ITC decline
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India's equity benchmarks opened higher on Friday, driven by a rally in auto stocks following positive sales data, despite a decline in ITC due to a new tax announcement. The Nifty 50 rose 0.2% to 26,198.7, and the BSE Sensex gained 0.21% to 85,367.01. The auto index advanced 0.8%, led by Hero MotoCorp and TVSMotor, while ITC fell 4.5%, impacting the fast-moving consumer goods index. Small-caps and mid-caps also saw gains of 0.2% and 0.4%, respectively.
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