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Markets rally in early trade amid optimism around India-US trade deal

India's manufacturing sector growth rose to a 14-month high of 58.4 in June marked by improved trends in output and new orders, alongside a record upturn in employment, a monthly survey said on Tuesday

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The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index, an indicator of sector performance, was 57.6 in May. Representational Pic

The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index, an indicator of sector performance, was 57.6 in May. Representational Pic

Benchmark indices Sensex and Nifty rallied in early trade on Wednesday amid optimism around a possible trade agreement with the US.

Buying in IT blue-chip stocks also drove the equity markets higher during the initial trade.

The 30-share BSE Sensex climbed 236.56 points to 83,933.85 in early trade. The 50-share NSE Nifty went up by 66.3 points to 25,608.10.

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