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The S&P BSE Sensex started flat but was trading with a positive bias in morning trade on Friday, led by gains in ICICI Bank, ITC, Sun Pharma, and HDFC.The Nifty50 was trading above its crucial support level of 7400, supported by gains in banks, consumer durable, auto, capital goods, and FMCG stocks. 

The BSE Sensex rose on Thursday, snapping a three-session losing streak, in line with global markets as speculation U.S. interest rates may not rise at all this year left the dollar nursing hefty losses and oil held most of the previous day's big gains.The broader Nifty ended 0.57 percent higher, while the benchmark Sensex gained 0.48 percent.