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Sensex, Nifty End Marginally Lower

Indian shares edged lower on Friday after two sessions of strong gains, with a weakening rupee, oil price volatility and muted global cues weighing on markets.

Cues from Asia and Europe were negative ahead of a key G7 meeting and next week's ECB and Federal Reserve meetings.

While the European Central Bank is expected to send a more hawkish signal over its bond purchases, the Federal Reserve is likely to raise the federal funds rate by 25 basis points.

The high-profile US-North Korea summit was also on top of investors' radar.

The benchmark BSE Sensex ended the session down 19.41 points or 0.05 percent at 35,443.67 while the broader Nifty index finished virtually unchanged at 10,767.65.

The rupee hovered near one-month low against the dollar amid continued foreign fund flows on concerns over the fiscal front.

Among the prominent decliners, HPCL, BPCL, HDFC, Power Grid Corp and Hindalco Industries dropped 1-3 percent.

Sun Pharma soared 8 percent after its Halol plant received Voluntary Action Indicated (VAI) status from the U.S. FDA. Rivals Cipla, Dr Reddy's Laboratories and Lupin rallied 3-5 percent.

by RTTNews Staff Writer

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