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Sensex, Nifty Snap Four-session Winning Streak

Indian shares fell on Thursday to snap a four-session winning streak as oil prices jumped and three days of trade negotiations between mid-level American and Chinese officials ended in Beijing without significant breakthroughs.

The benchmark BSE Sensex dropped 106.41 points or 0.29 percent to 36,106.50, while the broader Nifty index ended down 33.55 points or 0.31 percent at 10,821.60.

Maruti Suzuki, Infratel, Grasim, IndusInd Bank and HPCL fell 2-3 percent in the Nifty pack, while NTPC, Bajaj Auto, Eicher Motors, Tata Motors and Titan rose 1-2 percent.

Globally, Asian stocks fell broadly and European markets also traded lower in early trade on skepticism over the U.S.-China trade talks.

Oil prices fell slightly today after surging around 5 percent on Wednesday on hopes that the U.S. and China will reach a long-term trade agreement before a March 1st deadline.

The rupee was trading higher by 4 paise at 70.32 against the dollar in the afternoon.

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