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Sensex Up 237 Points In Early Trade; Nifty Climbs Above 11,400

Indian shares opened higher on Friday, tracking firm Asian markets as Brexit-related worries eased and the Bank of Japan kept its monetary policy steady.

The benchmark BSE Sensex was up 237 points or 0.63 percent at 37,993 after closing largely unchanged in the previous session. The broader Nifty index was up 74 points or 0.65 percent at 11,417.

Reliance Industries rose about 1 percent after Brookfield announced it is buying Mukesh Ambani's loss making pipeline unit for Rs. 13,000 crore.

Coal India declined 1.3 percent after its board approved second interim dividend.

Reliance Infrastructure lost 2 percent after it signed a definitive binding agreement to sell 100 percent stake in Delhi-Agra (DA) Toll Road Private Limited for an enterprise value of Rs. 3,609 crore.

Bharti Aritel dropped 1.6 percent after it roped in Telenor's Malaysian unit former CFO Nakul Sehgal as Corporate Chief Financial Officer.

Jet Airways shed 0.9 percent on reports that Etihad may not agree to its bailout plan.

Dewan Housing Finance Corp tumbled 2.4 percent. The company denied a media report that the country's housing regulator gave it a clean chit after allegations the mortgage lender had created shell companies to divert funds.

Tech Mahindra rose half a percent. The IT company is acquiring Japan-based mobile network solution firm K-Vision for USD 1.5 million in an all-cash deal.

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