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Sensex, Nifty End Choppy Session Modestly Higher

Indian shares fluctuated before finishing modestly higher on Friday amid conflicting messages on the Sino-U.S. trade war and talk of aggressive central bank stimulus to battle an intensifying global slowdown.

The benchmark S&P BSE Sensex ended the session up 38.80 points or 0.10 percent at 37,350.33, with banks and automakers pacing the gainers. The broader Nifty index inched up 18.40 points or 0.17 percent to 11,047.80.

Grasim Industries, Yes Bank, Maruti Suzuki, Power Grid Corp and UPL climbed 2-5 percent in the Nifty pack, while Sun Pharma, BPCL, HCL Technologies, Vedanta and TCS dropped 1-2 percent.

Yes Bank advanced 2.6 percent. After raising Rs 1,930 crore through a qualified institutional placement, the private sector lender said it plans to raise an additional $600 million from large investors to bolster its capital buffers.

Reliance Capital rallied 2.5 percent on reporting a four-fold jump in Q1 profit.

IDBI Bank slumped 8.8 percent after its Q1 net loss widened on poor asset quality.

Glenmark Pharma tumbled 6.6 percent on brokerage downgrades.

Globally, Asian markets ended mixed as U.S. Treasury yields declined further and investors digested conflicting messages on the Sino-U.S. trade war.

U.S. President Donald Trump said Thursday the U.S. is having very good discussions with China and the trade dispute would be fairly short.

On the other hand, Beijing vowed to counter the latest tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal.

European stocks rebounded as expectations grew of further stimulus by central banks.

The euro extended losses on the back of dovish remarks from ECB's Rehn flagging the need for a significant easing package in September to support the flagging euro zone economy.

China's state planner said it would roll out a plan to boost disposable income this year and in 2020.

As global growth falters amid simmering U.S.-China trade war, there is now talk of aggressive stimulus from all the major central banks.

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