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Adding to concerns of a tight labor market and runaway inflation, data on Tuesday showed an acceleration of unit labor costs in the second quarter, which suggested strong wage pressures will help keep inflation elevated.

oil prices settled slightly lower after a choppy trading session that saw investors weigh recessionary concerns with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine.

The dollar index held firm against its rivals, making gold less appealing for other currency holders. Benchmark U.S. 10-year Treasury yields edged higher to 2.7883%, increasing the opportunity cost of holding non-interest bearing gold.

Coal India, Pidilite, Hindalco, Eicher Motors, Tata Consumer Products, IRCTC, Abbott India, Patanjali Foods, Max Healthcare, SAIL, Zydus Lifesciences, NHPC and Cummins are among the companies that will announce their earnings for the quarter ended June 2022.

"Coinbase did not see a mass migration off its platform during the quarter, but its users are becoming more passive in their cryptocurrency investing," said Michael Miller, equity analyst at Morningstar Research.

"The spectre of a U.S.-Iran nuclear deal continues to hover over the market," ANZ Research analysts said in a note.The European Union late on Monday put forward a "final" text to revive the 2015 Iran nuclear deal, awaiting approvals from Washington and Tehran. A senior EU official said a final decision on the proposal was expected within "very, very few weeks".

HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday.

The audit found that losses from the health insurance business of public sector insurers have either wiped out, or decreased, the profits of other lines of their business, particularly in group health insurance where premium charged was less and claim outgo was more in comparison to retail policies.

LIC has improved market share to 68.57% until July 2022 from 65.42% at the end of June. The market share for the public sector giant is also higher than the 65.11% reported a year ago. LIC collected a total premium of ₹29,117 crore in July 2022, more than double the ₹12,031 crore it had collected a year earlier.

The discussions are happening at a time the Pune-based company is looking to pare its foreign ownership while bringing in domestic private equity funding in the runup to filing its initial public offer (IPO) papers in the next few months. FirstCry has held talks with Mumbai-based private equity firm Kedaara Capital, asking it to participate in the secondary round, multiple people said on condition of anonymity.