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Sensex Up 142 Points In Early Trade; Nifty Nears 9,950

Indian shares opened modestly higher on Friday, although underlying sentiment remained cautious ahead of the U.S. September nonfarm payrolls report, due out later in the day.

The GST Council meets today and it is expected that the Centre will push through a raft of relief measures for small and medium enterprises.

The benchmark BSE Sensex was up 142 points or 0.45 percent at 31,734 in early trade after closing slightly lower on Thursday to snap a four-day winning streak. The broader Nifty index was up 55 points or 0.55 percent at 9,943.

Future Retail rallied 2.4 percent. The company has agreed to acquire Shoppers Stop's loss-making retail chain HyperCity for Rs 655 crore.

Tata Steel jumped over 2 percent after it reported 18 percent growth in saleable steel production in the April-September period.

Tech Mahindra rose half a percent on reports that it has filed insolvency petitions against three Reliance Anil Dhirubhai Ambani Group (ADAG) firms.

Wipro edged up 0.3 percent. Its digital unit has acquired San Francisco-based design consultancy Cooper for an undisclosed sum.

by RTT Staff Writer

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