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Sensex Up 140 Points In Early Trade; Nifty Climbs Above 11,050

Indian shares opened higher on Thursday, tracking gains in Asian peers on the back of diminishing U.S.-China trade tensions.

The benchmark S&P/BSE Sensex rose by 140 points, or 0.37 percent, to 37,410 while the broader NSE Nifty index was up 40 points or 0.37 percent at 11,077.

Asian markets held firm near a six-week high and the Chinese yuan hit a three-week high after China granted tariff exemptions for 16 types of American-made products and U.S. President Donald Trump agreed to delay an additional increase in tariffs on Chinese goods by two weeks.

Tata Motors shed 0.7 percent as it reported a 32 percent decline in global sales.

ONGC rose 1.3 percent after it unveiled plans to invest Rs 13,000 crore in Assam.

JSW Steel rallied 2 percent despite reporting 13 percent fall in crude steel production in August.

Glenmark Pharmaceuticals gained about 1 percent as HSBC maintained hold rating on the stock in the long term.

Gujarat Alkalies jumped 3.5 percent on stock split news.

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