News Overview

Brent crude prices dropped 1 cent to $71.11 per barrel. West Texas Intermediate oil futures in the United States increased by one cent to $67.21 per barrel.

FPIs net bought $2,886 Million in Indian equities in the week; marking a sharp turnaround in FPI sentiments

On December 6, Indian indices ended on a flat note after RBI holds repo rate and cuts CRR.

The company stated that the demand originated from a previous order issued by the Principal Commissioner of Customs in Ahmedabad.

The acquisition comprises Camso's assets, which generated $213 million in revenue in 2023, as well as two manufacturing sites in Sri Lanka.

Suven is now a prominent player in the ADC outsourcing market, estimated to be worth $2.7 billion (approx. ₹22,815 Crore).

Here are some of the stocks that may see significant price movement: Godrej Consumer Products, Biocon, Paytm, etc.

While repo rates were steady, the RBI cut the CRR, raised the inflation expectation and cut GDP growth estimate for FY25

FPIs were still net sellers in November 2024, although the selling was nowhere as frenetic as it was in October

A price range of ₹265 to ₹279 per share has been established. On December 10, the anchor investor auction will be open for one day.