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Sensex Up Over 300 Points In Early Trade; Nifty At 11,771

Indian shares opened higher on Tuesday after data showed India's trade deficit narrowed to $10.89 billion in March from a year ago, helped by rise in exports.

Renewed hopes for a U.S.-China deal and easing concerns over global growth also helped to underpin sentiment.

The benchmark BSE Sensex was up 306 points or 0.79 percent at 39,212 in early trade, while the broader Nifty index was up 81 points or 0.69 percent at 11,771.

IT major Wipro inched up half a percent ahead of its Q4 results due today.

ICICI Bank rallied 3 percent after global research firm Goldman Sachs maintained a buy call on the stock.

HDFC Asset Management Company was marginally lower after it received the approval of over 90 percent of the investors to roll over the fixed maturity plans.

Cash-strapped airline Jet Airways tumbled 2.8 percent after it failed to find financial support from lenders.

Vodafone Idea gained half a percent on reports its promoters will subscribe shares worth up to Rs. 20,000 crore in the rights issue.

Reliance Industries rose over 1 percent as its unit Reliance Jio breached the 300 million-subscriber mark.

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