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Nifty slips below 5300 to kickstart September series
The 50-share NSE Nifty opened below the 5300 level on first day of the September series, erasing all its yesterday's gains. First quarter gross domestic product (GDP) data will also be closely watched today; Analysts on an average expect it in the vicinity of 5.3%, which will be largely unchanged compared to previous quarter.
The BSE benchmark lost 63 points to 17,478.98 and the NSE benchmark slipped 28 points to 5,287.45, weighed down by banks, FMCG, technology and infrastructure stocks.
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