SHARE MARKET TIPS FOR TODAY (JUSTDIAL): 5TH JUNE

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Equity benchmark indices opened in the red tracking mixed cues from Asian markets and ahead of RBI policy meeting outcome that will be released on Wednesday. On the economy front, The seasonally adjusted Nikkei India Services Business Activity Index fell from 51.4 to 49.6 in May. On the sectoral front, capital goods, consumer durables, power, auto, realty, FMCG, IT, and telecom counters saw heavy selling. At 11:26 AM, BSE Sensex at 34,822 was down by 130 points, while NSE Nifty at 10,575 was lower by 53 points. Biocon’s shares rose 1% as the firm received a regulatory approval to a biosimilar Pegfilgrastim. The drug is used to treat patients with Nonmyeloid cancers. Shares of Idea Cellular slid 7% despite receiving regulatory approval to increase FDI limit in the company from 67.5% to 100%.

SHARE MARKET TIPS FOR TODAY (JUSTDIAL): 5TH JUNE

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