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Sensex, Nifty Marginally Lower As Trade Talks Continue
(RTTNews) - Indian shares were marginally lower in early trade on Thursday after U.S. President Donald Trump signaled that a new trade deal could be inked soon with India.
His statement comes at a time when both countries' commerce ministry officials are prepping for another round of trade talks.
The benchmark 30-share BSE Sensex was down 70 points at 82,563 while the broader NSE Nifty index dipped 25 points to 25,186.
Wipro fell about 1 percent ahead of its earnings release. Reliance Power dropped 1.3 percent and Reliance Infrastructure declined 1.4 percent on fund raising reports.
Tech Mahindra was down 1.3 percent after reporting a marginal fall in June quarter revenue.
State Bank of India was little changed after launching a Rs. 25,000- crore share sale to institutional investors.
LT Foods advanced 1.6 percent after opening an organic food processing facility in Rotterdam.
Kalpataru Projects International rallied 2 percent on securing new orders worth Rs 2,293 crores.
Godrej Properties added 1 percent after it acquired 50 acres of land in Raipur to sell housing plots in this upcoming project.
Hindustan Zinc rose half a percent after bagging a potash block in Rajasthan.
Sensex, Nifty Set For Muted Start
Asian Shares Mostly Higher In Cautious Trade
Indonesia Bourse May See Profit Taking On Monday
Little Movement Seen For Hong Kong Stock Market
Little Movement Likely For China Stock Market
Rally May Stall For Taiwan Stock Market
Singapore Shares Overdue For Consolidation
