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Sensex, Nifty Extend Recent Losses

Indian shares fell in early trade on Monday, as worries over rising oil prices, rupee weakness and fiscal deficit concerns overshadowed positive cues from global markets.

The benchmark BSE Sensex was down 150 points or 0.42 percent at 35,658 after falling around 2 percent last week. The broader Nifty index was down 48 points or 0.45 percent at 10,676.

Glenmark Pharma edged up half a percent after it received FDA approval for Clobetasol Propionate Foam.

State-run oil companies BPCL, HPCL and IOC fell as oil prices hit three-month high, helped by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela.

Jet Airways rallied 2.7 percent on reports of fund infusion.

Vodafone Idea climbed 1 percent on reports it is likely to mop up about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower.

Tata Motors shed 1 percent on the buzz that it will showcase 13 vehicles in the e-commerce expo.

Dr Reddy's Laboratories jumped over 2 percent after the U.S.FDA lifted a warning on its Duvvada plant.

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