Auto Sector

According to an exchange filing, the company has stopped work on another ongoing project.

Improved supply, which resulted in a sequential rise in retail and wholesale volumes, was credited by the corporation with this growth.

Home care experienced volume growth in the mid-single digits in particular product categories, while personal care saw growth in the low-single digits.

Lupin will produce the product at its Nagpur facility.

Over Rs 139 crore in dividends were given to shareholders of the company in total for the fiscal year 2022–2023.

The dollar index, which earlier in the week reached a high of about 11 months at 107.34, last traded at 106.37, but it has continued to rise for 12 weeks in a row.

Last week, both benchmarks climbed to 2023 highs, but this week, Brent has fallen 11.8% and WTI by around 8.8%.

Spot gold was unchanged at $1,820.35 per ounce, while U.S. gold futures increased by 0.1% to $1,834.10. Since September 25, prices have closed lower every day of trading, adding 1.5% further losses this week.

Stable Repo Rate - RBI's Festive Season Boon to Housing Market

On the Chemicals front, Crude rallied and drove up the aromatics prices. Phenol spreads started rising, on the back of better phenol and acetone realisation while ammonia continued its uptrend in Sep’23 (up ~28%).