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Sensex edges higher; Nifty opens above 8800


Mumbai: The Indian markets started on a positive note. BSE Sensex rose nearly 100 points in early trade while Nifty index trading firm above 8,800, taking cues from higher Asian markets. Asian stocks ticked up helped by renewed optimism over the new US president's tax reform plans, generally upbeat global economic data and his change of tack to agree to honour the "one China" policy.

Metal, select banking and power stocks led the domestic markets higher. Bank of Baroda fell over 5 per cent and Idea Cellular was down 4 per cent amid earnings disappointment.

Hindalco, M&M, NTPC and Bharti Infratel were among the top gainers, up nearly 1 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 per cent, led by resource-related shares. Japan's Nikkei rose 0.4 per cent, hitting its highest level since early January.

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