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Sensex, Nifty End Modestly Higher

Indian shares eked out modest gains on Tuesday, with gains in rupee and positive global cues offering some support.

The benchmark 30-share BSE Sensex ended the session up by 165.94 points or 0.42 percent at 39,950.46 while the broader Nifty index rose by 42.90 points or 0.36 percent to 11,965.60.

JSW Steel, Zee Entertainment Enterprises, IndusInd Bank, Tata Motors and Yes Bank jumped around 3 percent in the Nifty pack, while Tech Mahindra, BPCL, Mahindra & Mahindra and Sun Pharma dropped 1-3 percent.

Indiabulls Housing Finance plunged more than 8 percent on allegations its chairman and directors have siphoned off money worth thousands of crores.

Sterlite Technologies soared 10.5 percent after promoters removed 100 percent of the pledge of the firm's shares with immediate effect.

Global cues were positive despite U.S. President Donald Trump threatening to slap huge new tariffs on China if his counterpart Xi Jinping doesn't attend the upcoming G20 meeting.

Sentiment was bolstered after Beijing said it would allow local governments to use proceeds from special bonds as capital for major projects including highways, gas and power supply and railways.

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