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Sensex, Nifty Extend Gains For Third Day

Indian shares rose for a third straight session on Tuesday, as the rupee stabilized, oil prices fell in European trade and investors pinned hopes on a strong quarterly earnings season.

The benchmark BSE Sensex ended the session up by 297.38 points or 0.85 percent at 35,162.48, while the broader Nifty index ended at 10,584.75, up 72.25 points or 0.69 percent from its previous close.

SBI, Tech Mahindra, ONGC, Adani Ports and Mahindra & Mahindra climbed 3-4 percent in the Nifty pack, while Infosys, Cipla, JSW Steel and Eicher Motors dropped around 1 percent.

Indiabulls Housing Finance plunged more than 5 percent despite the company reporting a 21 percent rise in Q2 net profit.

Globally, other Asian markets ended mixed in cautious trade amid lingering global trade tensions and rising geopolitical risks in the Middle East.

Investors also waited to take cues from upcoming corporate earnings results and the minutes of the U.S. Federal Reserve's latest policy meeting, due Wednesday.

European stocks bounced back from 22-monht lows, although U.K. markets were trading lower as the British pound extended gains after the release of labor market data showing that U.K. wages grew faster than expected in August.

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