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Sensex, Nifty End Higher After Late Surge

Late buying in oil stocks helped Indian shares finish on a strong note on Friday. Falling oil prices, positive U.S.-China trade developments, aggressive stimulus from the European Central Bank and encouraging macro data helped underpin investor sentiment.

The benchmark S&P BSE Sensex ended the session up 280.71 points, or 0.76 percent, at 37,384.99 while the broader NSE Nifty index rose by 93.10 points, or 0.85 percent, to 11,075.90.

BPCL shares soared 6.4 percent on reports that privatization of the state-run oil marketing company is on the radar.

Rival IOC jumped 4.8 percent while Vedanta, GAIL and Titan rallied around 3 percent each.

On the flip side, Bharti Airtel, Dr Reddy's Laboratories, Sun Pharma and Indiabulls Housing Finance dropped 1-3 percent.

Khadim India shares surged 15 percent to extend gains for the third straight day after the company announced opening up of an arm in Bangladesh.

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