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Sensex Ends Down 97 Points; Nifty Dips Below 10,800

Indian shares fell on Friday as TCS, India's largest IT firm by revenue, reported a mixed set of numbers for the third quarter ended December 31 and investors awaited results from Infosys later in the day for more clarity.

Positive cues from global markets helped limit the downside to some extent. The benchmark 30-share BSE Sensex ended the session down 96.66 points or 0.27 percent at 36,009.04 while the broader Nifty index dropped 26.65 points or 0.25 percent to close at 10,794.95.

TCS tumbled 2.4 percent after its quarterly margins missed estimates. Rival Infosys ended higher by 0.7 percent.

After market hours, Infosys reported a 30 percent fall in third-quarter profit, while announcing a special dividend and a share buyback.

Globally, Asian stocks ended mostly higher after China's commerce ministry said trade talks with the United States in Beijing were extensive and helped to establish a "foundation" to resolve differences.

Prospects for more Chinese stimulus to arrest the slowdown in growth and growing expectations that the U.S. Federal Reserve will pause its rate tightening cycle this year also underpinned sentiment.

European markets also moved higher to extend gains from the previous session despite concerns about the U.S. government shutdown, Brexit impasse and the lack of any clear resolution to U.S-China trade talks.

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