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Sensex, Nifty Marginally Lower In Early Trade

Indian shares opened a tad lower on Thursday after four straight sessions of gains. Underlying sentiment remained cautious as oil prices continued to jump and investors looked forward to key corporate earnings.

Asian markets were mostly lower as Chinese and U.S. teams ended trade talks in Beijing, and officials said details would be released soon.

Closer home, the benchmark BSE Sensex was down 8 points at 36,204 in early trade while the broader Nifty index was down 10 points at 10,844.

IndusInd Bank dropped 2 percent. The company's quarterly earnings met estimates despite higher provisions for its exposure to the IL&FS Group.

Yes Bank advanced 0.8 percent after it shortlisted the names of potential candidates to succeed MD and CEO Rana Kapoor.

Ashok Leyland gained over 1 percent on bagging orders for 2580 buses from state transport undertakings.

Adani Enterprises rose half a percent after it signed a pact to build Data Center Parks up to 5GW capacities in Andhra Pradesh over the next twenty years.

DLF gained half a percent and HDIL advanced 1.2 percent on reports that the government may slash tax rates on under-construction apartments.

Tata Steel rose half a percent on fund raising reports.

Delta Corp tumbled 2.7 percent despite posting healthy quarterly results.

TCS edged up 0.4 percent, Bandhan Bank added 1.2 percent and Goa Carbon rallied 2.6 percent ahead of their quarterly earnings results, due today.

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