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Sensex Up 184 Points In Early Trade; Nifty Climbs Above 10,800

Indian shares opened notably higher on Monday and the rupee strengthened against the dollar as investors digested positive U.S. jobs data and looked forward to the upcoming earnings season.

The benchmark BSE Sensex was up 184 points or 0.52 percent at 35,842 in early trade after rising about half a percent last week. The broader Nifty index was up 52 points or 0.48 percent at 10,824.

TCS dropped 1.3 percent ahead of its quarterly results due Tuesday.

Bank of Baroda gained 1 percent. According to Mint, the state-run bank plans to sell its domestic loan exposure in Essar Steel worth Rs. 1,200 crore to Hong Kong-based loan and bond trading firm SC Lowy.

Ashok Leyland jumped 3 percent after it unveiled plans to expand its light commercial vehicle business.

HDFC Bank edged up slightly after revising fixed deposit rates.

United Bank of India soared 7 percent on fund raising reports.

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