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Sensex Up 193 Points In Early Trade; Nifty At 10,857

Indian shares opened higher on Wednesday, with sentiment supported by growing hopes that ongoing discussions between U.S. and Chinese officials would help the two nations strike a long-term trade deal and result in economic revival in China.

The benchmark BSE Sensex was up 193 points or 0.54 percent at 36,173, extending gains for the fourth straight session. The broader Nifty index was up 55 points or 0.51 percent at 10,857.

Benchmark indexes Sensex and the Nifty finished higher for the third straight session on Tuesday, while the rupee tumbled by 53 paise to close at 70.21 against the dollar on concerns over widening of current account deficit in view of persistent rise in crude oil prices.

Infosys climbed 2 percent on share buyback news.

Jet Airways lost 1 percent after banks proposed a $900 million resolution plan for the ailing airline.

Tata Steel BSL, formerly Bhushan Steel, tumbled 2.3 percent ahead of a board meet to consider a fund-raising proposal.

Gujarat Fluorochemicals rallied nearly 2 percent as the government imposed a definitive anti-dumping duty on 'methylene chloride'.

Tata Steel dropped over 1 percent on reporting a 10 percent fall in sales for the December quarter.

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