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Benchmark indices ended lower for the fourth consecutive day on July 23 as it remained volatile throughout the day with Nifty failed to hold above 11,350 level.At close, the Sensex was down 48.39 points at 37,982.74, while Nifty was down 15.20 points at 11,331.

Among sectors, PSU banks dragged 3 percent followed by auto, metal, pharma, while buying seen in the FMCG, energy, infra and IT.

Benchmark indices ended lower for the fourth consecutive day on July 23 as it remained volatile throughout the day with Nifty failed to hold above 11,350 level.At close, the Sensex was down 48.39 points at 37,982.74, while Nifty was down 15.20 points at 11,331.

Among sectors, PSU banks dragged 3 percent followed by auto, metal, pharma, while buying seen in the FMCG, energy, infra and IT.

Stock Snippets

Tata Consultancy Services has announced the successful completion of a large-scale cloud migration project for Randstad, a global leader in the HR services industry.

Dr. Reddy’s Laboratories launched Ramelteon Tablets, 8 mg, a therapeutically equivalent generic version of Rozerem (ramelteon, 8 mg) Tablets, approved by the US Food and Drug Administration (USFDA).

Shares of NBCC are up 1% currently on news that the Supreme Court has ordered the company to take over Amrapali Group projects.

Dewan Housing Finance Corporation (DHFL) shares are up 16% intraday with the lender receiving investor proposals for buying stake in the company.

Sun Pharma has received tentative approval from US Food and Drug Administration for Erlotinib that is used to treat lung, pancreatic & several other types of cancer

Reliance Industries is looking to buy out ITC’s stake in EIH, which manages the Oberoi chain of hotels.

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 added 0.95%.

Australia stocks were higher after the close on Tuesday, as gains in the Energy, Consumer Discretionary and A-REITs sectors led shares higher. The S&P/ASX 200 added 0.50%.

China’s Shanghai Composite and the Shenzhen Component both inched up 0.2%.

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