Indian shares recorded modest gains in early trading on Friday, bolstered by weaker U.S. growth data that led to a decline in the dollar and bond yields, rekindling hopes for potential rate cuts by the Federal Reserve later this year.
However, a cautious sentiment dominated the market ahead of the imminent exit poll results on Saturday and the general election results on Tuesday.
The benchmark S&P BSE Sensex rose by 227 points, or 0.3%, reaching 74,113. Similarly, the broader NSE Nifty index gained 60 points, or 0.3%, to stand at 22,549.
In the Nifty pack, UltraTech Cement, Bajaj Finance, Larsen & Toubro, Mahindra & Mahindra, and Adani Enterprises saw increases of 2-3%. Meanwhile, Tata Consumer Products, Kotak Mahindra Bank, and LTIMindTree declined by over 1%.
