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Sensex Rises 279 Points; Nifty Ends Above 11,250

Indian shares closed higher on Thursday despite mixed global cues amid fears the U.S.-China trade row may escalate.

While oil prices continued to inch higher amid rising tensions in the Middle East, a surging rupee and hopes of RBI rate cut offered some support.

The benchmark 30-share BSE Sensex ended the session up by 278.60 points or 0.75 percent at 37,393.48 while the broader Nifty index rose by 100.10 points or 0.90 percent to close at 11,257.10.

Markets started the day on a tepid note but picked up momentum as the day progressed, tracking intra-day recovery in European stocks.

UltraTech Cement, IOC, Bajaj Finance, BPCL and Zee Entertainment Enterprises soared 4-9 percent in the Nifty pack, while Coal India, Cipla, IndusInd Bank, Bharti Airtel and Yes Bank dropped 1-3 percent.

Globally, Asian markets ended the day mixed as trade worries persisted despite reports U.S. President Donald Trump plans to delay imposing tariffs on auto imports by up to six months in order to allow negotiations to continue.

Investors remained worried about how the U.S.-China trade row will develop after Trump declared a national emergency over threats against American technology in a move seen as targeting Chinese tech giant Huawei.

European stocks recovered some ground after falling in early trade.

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