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Sensex, Nifty Little Changed In Early Trade

Indian shares were little changed on Tuesday after U.S. President Donald Trump told CNBC he stands ready to hit China with more tariffs on at least $300bn worth of goods if Chinese President Xi Jinping does not attend a planned meeting at the G-20 summit later this month.

The benchmark BSE Sensex was up 32 points or 0.08 percent at 39,816 while the broader Nifty index was marginally lower at 11,919.

ONGC, HCL Technologies, IndusInd Bank and Tata Motors rose over 1 percent while GAIL, Hindalco, Dr Reddy's Laboratories and Sun Pharma declined 1-3 percent.

Indiabulls Housing Finance fell as much as 8 percent on allegations its chairman and directors have siphoned off money worth thousands of crores.

Zee Entertainment Enterprises shed 0.6 percent on the buzz that Essel group is looking to sell a minority stake in the broadcaster.

Bajaj Auto and TVS Motor were flat to slightly higher. The companies said that a plan to adopt electric vehicles by 2025 would be "unrealistic" and "ill-timed".

Eros International slumped 10 percent on share buyback news.

UltraTech Cement edged up marginally after it received environment ministry's nod for a Rs 2,500 crore project in Andhra Pradesh.

Bharti Airtel dropped 0.8 percent after it agreed to pay 60 billion shillings ($26 million) over five years and cancel debt to resolve a dispute over ownership of its Airtel Tanzania unit.

Yes Bank was moving lower after former interim & MD & CEO quit the board.

Reliance Industries was modestly higher. The company said it would shut down a crude distillation unit at its old refinery at Jamnagar for maintenance and inspection for up to four weeks.

Dewan Housing Finance Corporation declined 0.7 percent after completing stake sale in Aadhar Housing Finance.

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