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Sensex, Nifty Open Lower Ahead Of Key Macro Data

Indian shares opened modestly lower on Tuesday amid weak global cues and ahead of inflation and industrial output data.

Underlying sentiment remained cautious as another round of U.S.-China trade talks began with working-level talks in Beijing and uncertainty over congressional budget talks sparked talk of another possible government shutdown in the U.S.

The benchmark BSE Sensex was down 56 points or 0.15 percent at 36,339 while the broader Nifty index was down 16 points or 0.14 percent at 10,873.

Sun Pharmaceutical Industries and Oil India rose around half a percent while Coal India rallied 1.4 percent before announcing their quarterly results.

Axis Bank shed around 1 percent. The government is selling part of its stake in the private sector lender held through SUUTI to raise up to Rs 5,316 crore.

Eicher Motors edged up half a percent on reporting over 2 percent rise in Q3 profit.

TCS fell over 2 percent, Wipro dropped 1 percent, HCL Technologies declined 1.4 percent and Infosys lost 2.7 percent as the rupee extended gains for the sixth day against the U.S. dollar.

Andhra Bank tumbled 2.3 percent after its Q3 net loss widened from last year.

SpiceJet fell nearly 3 percent after its quarterly profit plunged 77 percent on higher costs.

India Cements dropped 1.2 percent on positing disappointing quarterly results.

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