India, June 5 -- Indian shares traded higher on Thursday as weak U.S. economic data reinforced speculation that the Federal Reserve will cut interest rates at least twice this year.
Investors also looked ahead to the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time.
The benchmark S&P BSE Sensex rose over 400 points, or half a percent, to 81,406 in early trade while the broader NSE Nifty index was up 123 points, or half a percent, at 24,742.
Among the top gainers, Eternal jumped more than 3 percent while Mahindra & Mahindra, Reliance Industries, Power Grid Corp and Adani Ports all were up around 1 percent.
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