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India Stocks: Indian shares open tad higher after Trump hints at Iran deal; Adani Group shares rise

Updates for market open

May 19 (Reuters) - Indian shares opened marginally higher on Tuesday, after U.S. President Donald Trump signalled a possible nuclear deal with Iran, reviving hopes of a de-escalation of the three-month-old war.

The Nifty 50 .NSEI rose 0.11% to 23,675.3 and the BSE Sensex .BSESN added 0.17% to 75,441.27, as of 9:15 a.m. IST.

Fourteen of the 16 major sectors opened higher. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 gained 0.3% each.

Trump said he called off a planned attack on Tehran after it sent a peace proposal, and that there was now a "very good chance" of reaching a deal limiting Iran's nuclear program.

Adani Group stocks rose 0.1% to 2.2% after the U.S. administration moved to dismiss criminal fraud charges against the conglomerate's billionaire owner Gautam Adani, while also settling alleged Iran sanctions violations involving one of his companies.

(Reporting by Vivek Kumar M in Bengaluru; Editing by Harikrishnan Nair and Rashmi Aich)

((VivekKumar.M@thomsonreuters.com;))

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