Auto Sector

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%).

NBFCs have evolved unique strategies to scale up new segments that leverage their existing strengths - physical distribution network, customer segment, geographical knowledge.

The Valiant Laboratories IPO witnessed robust demand from investors, with a subscription rate of 29.76 times.

Tata Motors employs around 25,000 people on the shop floor across its seven sites.

RBI's rate-setting committee keeps the key lending rate unchanged at 6.50%

The BSE midcap index ended the session with marginal fluctuations, closing on a relatively flat note. In contrast, the smallcap index demonstrated resilience, adding 0.6%.

For well-known companies like Pizza Hut, KFC, Costa Coffee, and Vaango, Devyani International specializes in the construction, management, and operation of quick-service restaurants and food courts.

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify across market cap should invest in Edelweiss Multi Cap Fund.