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Sensex Up Over 200 Points In Early Trade; Nifty At 10,896

Indian shares opened a tad higher on Friday amid renewed hopes of U.S.-China trade talks and easing worries over Brexit.

The benchmark S&P BSE Sensex rose 212 points or 0.58 percent to 36,856 in early trade while the broader NSE Nifty index was up 48 points or 0.44 percent at 10,896.

JSW Steel dropped 1.3 percent after a bankruptcy court approved its Rs. 20,000 crore bid to take over bankrupt Bhushan Power and Steel.

Mahindra & Mahindra edged up slightly after deferring its planned capital expenditure of '800-1,000 crore for the auto and tractor segments.

Punjab National Bank was little changed on receiving board approval for the amalgamation of Oriental Bank of Commerce and United Bank with the bank.

Dr Reddy's Laboratories gained 0.8 percent after launching an anti-smoking drug in the U.S. market.

Indiabulls Housing Finance slumped 5.3 percent after reports that a PIL has been filed against the company and its promoters in Delhi High Court.

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