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Sensex, Nifty End Lackluster Session Mixed

Indian shares ended Thursday's lackluster session slightly lower amid selling in financials, a day after the Reserve Bank of India (RBI) mandated commercial lenders to link certain loans to the external benchmark-based interest rates from October 1. Firm global cues helped to limit the downside to some extent.

The benchmark S&P BSE Sensex dropped 80.32 points, or 0.22 percent, to 36,644.22 while the broader NSE Nifty index ended the session marginally higher at 10,847.90.

Yes Bank, BPCL, ONGC, Coal India and Tata Motors jumped 4-8 percent in the Nifty pack, while Kotak Bank, TCS, ICICI Bank, Indiabulls Housing Finance and HDFC declined 1-3 percent.

Tata Motors soared more than 8 percent, Maruti Suzuki India jumped 2.5 percent and Mahindra & Mahindra added 2.4 percent after Transport Minister Nitin Gadkari said the government has no intentions of banning the production or stopping the existing petrol and diesel-fueled vehicles.

Bajaj Finance rallied 1.5 percent on reports the financial services firm is eyeing
$1 billion share sale. Punjab National Bank climbed 2 percent as Moody's upgraded its outlook to 'positive' from 'stable'.

Globally, Asian and European markets rose broadly as easing political tensions in Hong Kong and Britain helped improve investors' appetite for risk.

Investors also cheered news that the U.S. and China have agreed to hold ministerial-level trade talks in Washington in early October.

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