Sensex and Nifty snapped their four-day winning streak to end marginally lower on Tuesday after a volatile trading session. Profit booking in mid-cap stocks and selling in defence and realty counters outweighed gains in IT stocks, which had driven the rally over previous sessions. Weakness across Asian markets and stock-specific selling across sectors also weighed on investor sentiment.

Maharashtra's Food and Drug Administration is tightening scrutiny of hospital pharmacies that compel patients to purchase medicines only from in-house or affiliated outlets, Commissioner Tukaram Mundhe said. Mundhe indicated that forcing patients into in-house pharmacy purchases now falls squarely within the FDA's enforcement focus, alongside checks on unlicensed pharmacy operations more broadly.

Government sources have rejected reports that a rollout of 25% ethanol-blended petrol is imminent amid a backlash over concerns regarding the lower E20 variant, NDTV reported. Sources said no decision has been taken and any such decision will depend on scientific testing and technical validation. Officials added that there's "absolutely no need to worry" about E-20 petrol.

The Nifty Auto index dropped 1.85 percent to end at 23,410.20 points due to weak retail demand. Major manufacturers including Maruti Suzuki and Mahindra and Mahindra fell over 2 percent each after industry data revealed high dealer inventory levels. Market analysts indicate the index faces a crucial support level at the 23,100 mark.

A monthly systematic investment plan (SIP) of ₹1,000 for 30 years can grow into a corpus of about ₹22.6 lakh, assuming an average annual return of 10%. The total investment over the period is ₹3.6 lakh. The sharp increase is driven by compounding, where returns continue to earn additional returns over time.

A government probe found that Mumbai International Airport's duty-free shops, run by billionaire Gautam Adani's group, illegally sold nicotine pouches, Reuters reported, citing official documents. The product is considered a public health hazard by the government. However, Adani Group challenged the probe in court, arguing domestic drug laws do not apply to duty-free zones and nicotine pouches.

Nvidia's billionaire CEO Jensen Huang's black 'Tom Ford' leather jacket is being put up for auction. The auction proceeds will be donated to Edge Institute, a non-profit that convenes people working in technology, science, culture, and society in pop-up villages to live and experiment together. The jacket may fetch $40,000-60,000, about 12x more than its actual $5,000 price.

Swiggy has become an Indian-owned company after domestic ownership in the firm crossed the 50% mark. The company said foreign investment stood at 49.76% as of July 6, taking domestic ownership to 50.24%. This comes weeks after Swiggy failed to secure shareholder approval for changes linked to its transition into an Indian Owned and Controlled Company (IOCC).

Singapore has topped the list of world's costliest cities for luxury spending, followed by Zurich, Monaco, Hong Kong and London. Other cities in the top 10 are Shanghai, Paris, Sydney, Milan and Bangkok. Singapore has topped the list for the fourth consecutive year, while Monaco entered the top three for the first time since the survey began in 2020.

Info Edge, the parent company of Naukri, has approved the acquisition of the remaining 45.36% stake in Coding Ninjas from its founders for ₹39.91 crore. The deal was approved by the board on July 6. Once completed, Info Edge will become the sole owner of Coding Ninjas, which offers online coding and upskilling courses.