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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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