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Indian shares snapped three-day fall on Thursday, led by gains in refiners such as Reliance Industries as oil prices dropped overnight.

Equities in Asia turned cautious following weak closing on Wall Street overnight.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent in early trade.

Stocks have made little headway this month as scant progress on U.S. tax reform and record high levels for many markets restrict appetite for risk-taking investments.

At 0610 GMT, the S&P BSE Sensex rose 0.59 percent at 32,954 while the broader NSE Nifty advanced 0.51 percent to 10,170.

Among the top Sensex gainers, Reliance Industries jumped 2 percent, Tata Motors advanced 1.5 percent, Infosys gained 1.4 percent while Larsen and Toubro rose 1 percent.

The Nifty energy index added as much as 1.3 percent and was among the top sectoral gainers.

Suven Life Sciences jumped 3 percent after it was granted one product patent from Hong Kong, two product patents from India and one product patent from U.S.

Shares in Videocon Industries hit 5 percent upper circuit for the third session. The stock has gained nearly 16 percent in the last three sessions.

But Suzlon Energy declined as much as 6.2 percent, their lowest in more than a year. The renewable power producer suspended operations and declared a lockout at a plant in the southern Indian state of Karnataka due to a workers' dispute.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.