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Sensex, Nifty Little Changed In Early Trade

Indian shares opened largely unchanged on Tuesday after two consecutive days of gains. Traders were adopting a cautious stance ahead of December-quarter corporate earnings from IT majors due later this week.

Meanwhile, the Central Statistics Office predicted that India's GDP would rise to 7.2 percent in 2018-19 from 6.7 percent in the previous fiscal, reflecting improvement in the performance of agriculture and manufacturing sectors.

The benchmark BSE Sensex was up 10 points at 35,860 in early trade while the broader Nifty index was marginally lower at 10,769.

Reliance Industries and Reliance Communications shed around half a percent.
The Supreme Court has asked Reliance Jio and Reliance Communications to resolve among themselves the issues over who will pay the spectrum dues.

ONGC edged down slightly while Oil India advanced 0.7 percent. The government has allowed both companies to induct private and foreign partners in oilfields.

Bandhan Bank dropped 2 percent after it agreed to acquire Gruh Finance in a share swap deal. Gruh Finance shares slumped as much as 13 percent.

HDFC, which will end up getting 15 percent in the merged entity, declined half a percent.

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