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Sensex Up 154 Points In Early Trade; Nifty At 10,640

Indian shares opened higher on Friday after OPEC decided to delay a final decision on output cuts and reports suggested that the U.S. Federal Reserve might adopt a wait-and-see approach on future rate increases.

Investors shrugged off an announcement by Fitch Ratings that it is revising downwards India's GDP growth forecast to 7.2 percent for the current fiscal.

The benchmark BSE Sensex was up 154 points or 0.44 percent at 35,466 in early trade after tumbling 1.6 percent in the previous session. The broader Nifty index was up 40 points or 0.37 percent at 10,640.

Jet Airways rallied 2 percent on a Mint report that Etihad Airways has offered to guarantee loans worth $150 million.

Muthoot Finance jumped over 5 percent on reporting a 9 percent rise in Q2 profit.

HCL Technologies slumped 4 percent after it agreed to buy certain software assets from IBM for $1.8 billion.

REC was little changed after the government approved strategic sale of 52.63 percent stake in the company to PFC.

Lupin advanced 0.7 percent after its Canada arm received regulatory approval for Zaxine drug.

Coal India slid half a percent after the government reduced its holding in the company.

Zydus Wellness gained 1.3 percent on fund raising reports.

NTPC was marginally higher on a PTI report that it is likely to buy centre's stake in SJVN.

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