Sensex edges higher ITC gains, Reliance Power drops
SENSEX-EDGES-HIGHER-ITC-RELIANCE-POWER:Sensex edges higher ITC gains, Reliance Power drops
The BSE Sensex rose slightly on Friday as stocks such as ITC recovered from the prior day's falls, although power utility stocks dropped after the CAG found irregularities in the government's coal allocation and usage.
ITC rose 1.7 percent recovering from its 3.5 percent fall in the previous session.
Reliance Power fell more than 5.8 percent on Friday after the country's federal auditor said the company unduly benefited from a government decision allowing the power producer to use surplus coal from its captive block for another project it was not meant for.
The Sensex provisionally ended up 0.19 percent at 17,691.08 points, while the 50-share NSE index rose 0.06 percent to end at 5,366.30 points.