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Benchmark indices closed volatile session on a mixed note after falling sharply in previous two straight sessions due to tax proposals in Budget.The BSE Sensex rose 10.25 points to 38,730.82 while the Nifty50 fell 2.70 points to 11,555.90.

India’s benchmark bond yield broke its five day losing streak and rose today. The yield on 10-year benchmark federal paper rose to 6.607% at 14:15 IST compared with 6.562% at close in the previous trading session.

Global Markets

Apple Inc will likely see a surge in services revenue in the third quarter, charged by app store developer revenue and renewed growth in China. European shares fell on Tuesday as a profit warning from chemicals giant BASF led to a slide in German shares, which were on course to post their biggest drop in two months. The pan-European STOXX 600 index (STOXX) fell 0.7%.

Stock Snippets

Glenmark Pharmaceuticals Inc. in a filing tothe exchanges today announced that it has been granted final approval by the United States Food & Drug Administration (USFDA) for Ranolazine Extended-Release Tablets, 500 mg and 1,000 mg, a generic version of Ranexa®1 Extended-Release Tablets, 500 mg and 1,000 mg, of Gilead Sciences, Inc.

Hero MotoCorp, the world’s largest two-wheeler manufacturer, has made an upward revision in the ex-showroom prices of its motorcycles and scooters, effective July 8, 2019.

Shares of Dewan Housing Finance Corporation fell 9 percent after a media report indicated that the company is likely to present a proposal for resolution to its lenders on July 11.

Dilip Buildcon to Get Bonus for Early Completion of Road Project in UP

Pharma major Lupin said it launched lmatinib Mesylate tablets.

Titan slipped 11% in morning trade on Tuesday after the company said its consumption during April-June took a hit due to rising gold prices.

Global Markets

Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 rose 0.07%.

The Shanghai Composite was 0.2% lower and the blue-chip CSI300 was off 0.3%, while Hong Kong’s Hang Seng fell 0.7%.

Australia stocks were lower after the close on Tuesday, as losses in the IT, Energy and Utilities sectors led shares lower. The S&P/ASX 200 declined 0.10%.

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