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Markets open higher tracking uptick in Asian equities

Sectorally, all indices were in the positive except Nifty Auto, which was marginally down by 0.1%.
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Indian benchmark indices opened higher on Thursday tracking Asian markets which rose amid corporate earnings even as traders were on the edge regarding the impact of the Sino-US trade war. Meanwhile, Brexit uncertainties kept a lid on gains.

The Sensex rose 192 points above 39,250, and Nifty was up 49 points 11,654. (9.26AM)

Sectorally, all indices were in the positive except Nifty Auto, which was marginally down by 0.1%.

Among top gainers were HCL Tech, L&T, and Yes Bank. Losers included JSW Steel, Bharti Airtel, and BPCL.

HCL Tech rose 4% in early trade after posting its Q2 results. The tech major reported its Q2FY20 net income at Rs2,651cr; up 19.4% qoq & 4.4% YoY. Further, its FY20 Revenue is expected to grow between 15.0% to 17.0% in constant currency.

ITC, Maruti Suzuki, Colgate Palmolive, Raymond, PNB Housing Finance, IDFC First, Cummins, Bandhan Bank, and Shriram Transport will declare their Q2 results today along with several other companies. 

The Indian rupee opened 11 paise higher at 70.80/$ against its previous close of 70.91/$. Government 10-year benchmark bond yield opened at 6.70% against the previous close of 6.69%.

Oil prices fell on Thursday owing to a weak demand outlook after rising more than 2% in the previous session.

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