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Sensex Up 90 Points In Early Trade; Nifty At 11,662

Indian shares opened higher on Monday as the latest readings on industrial output and retail inflation helped reiterate investor expectations for further policy easing by the RBI this year.

While India's industrial output growth slowed to a 20-month low of 0.1 percent in February, mainly due to contraction in the manufacturing sector, retail inflation saw a marginal increase of 2.86 percent in March, separate reports released on Friday showed.

Global cues also remained positive amid easing concerns about a slowdown in global growth and on hopes for a U.S.-China trade deal.

The benchmark BSE Sensex was up 90 points or 0.23 percent at 38,856 in opening deals while the broader Nifty index was up 19 points or 0.16 percent at 11,662.

TCS rallied 2.2 percent on positing record performance and sounding optimistic about sustaining double-digit growth.

On the other hand, Infosys lost 2.5 percent on saying it expects headwinds in the form of wage hikes in H1FY20 and normalization of bad debt provisioning.

Jet Airways dropped half a percent ahead of a meeting between the airline management and the State Bank of India.

Larsen & Toubro also edged down slightly on reports that it plans to hire 1,500 people this year.

Bank of Baroda was little changed on news it has invited bids from consultancy firms to evaluate the performance of its board.

ONGC was moving lower after it reportedly posted a 1.25 percent rise in output in the fiscal year ended March 2019.

Dr Reddy's Laboratories was trading flat after it entered into an agreement to acquire a portfolio of 42 approved, new drug applications in the U.S.

Suven Life Sciences gained 1 percent after it received approval from a U.S. bankruptcy court to buy assets of Rising Pharmaceuticals.

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