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Sensex, Nifty Rise For Second Day

Indian shares rose for the second day running on Tuesday, shrugging off weak trade and business sentiment data as well as a mixed set of corporate earnings results.

The benchmark S&P BSE Sensex ended the session up by 234.33 points or 0.60 percent at 39,131.04 while the broader NSE Nifty index climbed 72.70 points or 0.63 percent to finish at 11,661.05.

Yes Bank shares soared 14 percent on reports that four private equity players are set to infuse capital in the private sector lender.

Tata Motors jumped 5.8 percent on the buzz its Jaguar Land Rover Automotive unit has won a 500 million-pound loan guarantee from the U.K. government.

Bajaj FinServ, Sun Pharma and Adani Ports rose 2-3 percent while Kotak Bank, HCL Technologies, Mahindra & Mahindra and TCS fell 1-2 percent.

Globally, other Asian markets turned in a mixed performance as investors awaited earnings results from major U.S. companies as well as key economic data due later this week for direction.

European stocks held steady in early trade while oil prices rose slightly after falling in the previous session.

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