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Sensex, Nifty Tad Higher In Early Trade

Indian shares opened a tad higher on Friday, despite mixed global cues.

The benchmark 30-share BSE Sensex edged up 98 points, or 0.2 percent, to 52,751 in early trade, while the broader NSE Nifty index was up 35 points, or 0.2 percent, at 15,813.

Tech Mahindra soared almost 7 percent after it reported a 40 percent year-on-year jump in Q1 profit.

NTPC, Adani Ports, HCL Technologies and Power Grid Corporation of India rallied 2-3 percent.

Financials were coming under selling pressure, with SBI, SBI Life and Bajaj FinServ losing 1-2 percent.

Bharti Airtel edged down slightly while Vodafone Idea rose about 1 percent after TRAI released subscriber data for May.

JK Lakshmi Cement fell 3 percent while TCS Motors climbed 3 percent after declaring their quarterly results.

Union Bank of India was moving lower. The lender said its quarterly net profit jumped 255 percent on higher net interest and other income.

While U.S. and European markets ended higher overnight, other Asian markets fell broadly this morning as traders weighed risks from China's crackdown on a range of industries, including education, property and tech sectors.

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