Indian shares closed lower on Tuesday, giving up more than 1 per cent gains made during the day, as investor sentiment soured in global markets, while rupee hit a fresh record low on concerns of a bigger current account deficit.

The NSE Nifty50 Index ended down 0.15 per cent at 15,810.85, while the S&P BSE Sensex dropped 0.2 per cent to 53,134.35. Both indices had gained over 1 per cent in morning trade.

The rate of domestic 14.2 kg LPG cylinders was increased by Rs 50 with effect from July 6, Wednesday. The price of a 5 kg domestic cylinder was increased by Rs 18. This is the first hike in domestic LPG cylinder prices since May.

In May, the rates of domestic LPG cylinders were increased twice, first by Rs 50 on May 7 and then again on May 19 by Rs 3.50.

The Delhi High Court has rejected CBI's plea seeking police custody of four persons, including a joint drug controller at the Central Drugs Standard Control Organisation (CDSCO), who were arrested in connection with a Biocon Biologics bribery case.

The high court, however, directed the jail superintendent to hand over the custody of associate vice president of Biocon Biologics L Praveen Kumar, who was arrested on June 20 and presently lodged in judicial custody, to the CBI investigating officer (IO) till July 6.

Adani Power, on Tuesday, said it would seek the approval of shareholders for the proposed related-party transaction worth up to Rs 5,000 crore with Adani ConneX during its annual general meeting (AGM), to be held on July 27.

The proposed transaction will involve the sale by Adani Power of its special purpose vehicles or subsidiaries to AdaniConneX.

West Bengal's COVID-19 tally rose to 20,35,617 on Monday as 1,132 more people tested positive for the infection, a health bulletin said.

The state had reported 1,822 fresh infections and three fatalities on Sunday.

The positivity rate rose to 15.12 per cent from 14.10 per cent on the previous day.

A day after Eknath Shinde won the Vote of Confidence in the Maharashtra Assembly, Shiv Sena on Tuesday termed the victory as "stolen majority" and said that it was "not the belief of the people" of the state.

The party also took a jibe at Deputy Chief Minister Devendra Fadnavis asking who was the person who stopped him from taking oath as a Chief Minister.

Jet Airways is looking to lease around 20 Airbus A320 aircraft from lessors by 2024, aiming to restart operations and fly international routes in the next year and a half.

Sources said that the A320 aircraft will be a mix of the Ceo and more fuel-efficient Neo variant and will primarily be aircraft initially intended for Russian airlines. The aircraft could not be delivered as Airbus, Boeing, and western lessors have sanctioned Russia due to the Ukraine invasion.

The rupee depreciated 9 paise to 79.04 against the US dollar in opening trade on Tuesday, weighed down by persistent foreign funds outflows.

At the interbank foreign exchange, the rupee opened at 79.04 against the US dollar, registering a decline of 9 paise over the last close.

On Monday, the rupee had closed at 78.95 against the US dollar.

Within days of the Navy opening registrations for the Agnipath recruitment scheme, around 10,000 females have registered themselves for the programme.

For the first time ever, the Indian Navy is allowing women to be recruited as sailors in the force who would also be deployed on warships as per operational requirements.

The Delhi Assembly on Monday passed bills pertaining to over 66 per cent hike in salaries and allowances of its members, the first raise in last 11 years for the legislators who are considered the lowest-paid lawmakers in the country.

Five different bills were tabled for the hike in salaries of ministers, MLAs, chief whip, Speaker and Deputy Speaker, and Leader of Opposition in the Assembly, which were passed by the members.

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