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Key benchmark indices are trading lower in early trade on selling pressure in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 256.32 points or 0.49% at 51,678.56. The Nifty 50 index was down 68.30 points or 0.44% at 15,506.55. Rise in crude oil prices impacted sentiment. Asian stocks are trading mixed. Oil prices rose on June 2 after OPEC and its allies stuck to their plan to cautiously return oil supply in June and July while expecting fuel demand to rebound strongly during the US summer. Brent crude futures climbed 37 cents, or 0.5%, to $70.62 a barrel, after jumping 1.3% overnight, when it hit its highest since March 8. ....
The demand for eggs, which had fallen during January-February due to the bird flu outbreak, has bounced back with rise in consumption of key poultry commodity to boost immunity amid the second wave of the COVID-19 pandemic, according to government officials and industry experts. The revival in demand amid tight supplies after bird flu outbreak and a sharp rise in poultry feed cost have led to an increase in retail prices to Rs 6-7 per egg depending on the areas. But farm gate rates have not gone up commensurate to rise in input cost, affecting farmers, they said. Egg is among the protein-rich foods prescribed for COVID-19 patients and is the cheapest source of protein available to people, experts said. ....