Indian shares set to open higher; earnings lift mood

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Indian shares were set to open higher on Friday, with strong initial numbers by banks and other companies helping take the edge off slowdown related warnings by IT exporters.

has fallen by a similar percentage since April 12, when Tata Consultancy Services reported its quarterly numbers.

The Nifty 50 closed above its 100-day simple moving average on Thursday for the first time since February. Analysts expect the benchmark to inch towards the 18,100+ zone.

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