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Sensex, Nifty Seen Opening Little Changed

(RTTNews) - Indian shares may open largely unchanged on Thursday as investors await concrete progress on U.S.-China trade talks.

Underlying sentiment may remain supported somewhat after the government approved setting up of a Rs. 25,000 crore alternative investment fund (AIF) to revive around 1,600 stalled housing projects across top cities in the country.

On the earnings front, India's largest private steel maker Tata Steel reported 6 percent rise in consolidated profit for the September quarter on the back of one-time gains and a favorable tax regime. DLF, HPCL and Indraprastha Gas will unveil their quarterly earnings later today.

Benchmark indexes Sensex and the Nifty rose around half a percent on Wednesday, while the rupee fell by 28 paise to close at 70.97 against the U.S. dollar, snapping its three-session winning streak.

Asian markets traded flat this morning but clung near multi-month highs. Gold remains little changed and the dollar drifted lower against the yen, while oil held on to overnight losses.
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