India, June 4 -- Indian shares traded lower in early trade on Thursday, extending losses from the previous session as continued hostilities between the United States and Iran kept oil prices elevated.

Overall losses remained capped somewhat after Israel and Lebanon agreed to a ceasefire following negotiation in Washington.

The benchmark BSE Sensex was down 47 points at 74,298, recouping some early losses. The broader NSE Nifty index was little changed at 23,405.

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