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Indian benchmark indices Sensex and Nifty 50 closed lower on Tuesday, extending their losing streak to the second day.

The US dollar remained stable at 105.41 against a basket of currencies, a considerable distance from its one-month low that it reached last week.

TBO Tek aims to raise ₹1,550.81 Crore through its IPO, priced at the upper end of the price band of ₹875-920 per share.

The company's ₹3,000-Crore initial share sale is scheduled to debut on Dalal Street on May 8, with the closing date set for May 10.

Despite a modest topline, the JSW Group company reported a consolidated net profit of ₹345.3 Crore for the March FY24 quarter.

Based on CME's FedWatch Tool, markets are presently pricing in a 65% possibility of a U.S. rate cut in September.

At the upper price range of ₹452 per equity share, 36 anchor investors contributed ₹548.77 crore to the Indegene IPO on Friday, May 3.

The rejection was attributed to a lack of consensus among the broker community, as stated by Chauhan. Consequently, the plan to extend trading time is currently on hold.

Edaravone injection is prescribed for the treatment of ALS, a condition characterized by the gradual degeneration of nerves controlling muscle movement, leading to muscle atrophy and weakness.

Both indices closed lower on May 7th due to selling pressure across sectors and disappointing Q4 earnings.