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Sensex, Nifty End Higher For Third Day

Indian shares rose for a third straight session on Tuesday even as oil extended rebound and caution prevailed ahead of quarterly earnings from IT majors TCS and Infosys due this week.

The benchmark 30-share BSE Sensex rose by 130.77 points or 0.36 percent to
35,980.93, while the broader Nifty index ended up 30.35 points or 0.28 percent at 10,802.15.

Yes Bank, Tata Motors, SBI, ICICI Bank and Sun Pharma climbed 2-4 percent in the Nifty pack, while HPCL,BPCL, Kotak Bank, UPL and Zee Entertainment Enterprises dropped 1-3 percent.

Bandhan Bank tumbled 3.7 percent after it agreed to acquire Gruh Finance in a share swap deal. Gruh Finance shares slumped as much as 16.6 percent.

HDFC, which will end up getting 15 percent in the merged entity, declined 0.9 percent.

Bharat Dynamics soared 5.3 percent on receiving an order worth about Rs 760 crore from the Indian Army for production and supply of anti-tank guided missiles (ATGM) and launchers.

Cues from global markets were mostly positive amid optimism over U.S.-China trade talks as U.S. officials held a second day of trade talks with Chinese counterparts in Beijing.

The second day of negotiations coincided with an unannounced visit by
North Korean leader Kim Jong Un, with some analysts saying China could use Mr Kim's visit as a bargaining chip in the U.S. trade talks.

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