(Reuters) -India’s benchmark indexes opened higher on Monday, led by auto stocks, while an uptick in domestic growth eased some investor worries.
The Nifty 50 was up 0.5% at 22,236.05 by 9:24 a.m. IST, while the BSE Sensex added 0.51% to 73,586.94.
Auto stocks rose 1.3%, topping sectoral gains. Mahindra & Mahindra added 3.1%, while Eicher Motors gained 2.5% after reporting largely better than expected monthly sales for February.
The broader, more domestically focussed small-caps and mid-caps traded flat.
Further aiding sentiment, data on Friday showed India’s economy expanded by 6.2% in the October-December quarter, picking up on increased government and consumer spending.
(Reporting by Bharath Rajeswaran and Vivek Kumar M in Bengaluru; Editing by Varun H K)
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