Indices at previous closing
Nifty50: 17,511 ▼-5 (0.0%)
Sensex: 58,786 ▼-20 (0.0%)
Nifty Bank: 37,105 ▲+23 (+0.0%)
For more updates on F&O, click here.
Domestic pharma sales pick up in November
According to reports, India’s pharma market rose 6.6% year-on-year in November, supported by the chronic therapies from diabetes to heart diseases. This segment grew 7.2% YoY. In comparison, the pharma sales had risen by 1% in November last year.
The sales of pharma companies such as IPCA, Torrent Pharma and Ajanta Pharma rose more than the industry average. While the volumes of the pharma industry were flat, it witnessed a price growth of 5.4%. Meanwhile, the Nifty Pharma index was flat on Friday.
The IPO rush continues
So far in 2021, 53 IPOs have been launched and now more companies are making a beeline to raise money from the equity markets. Three more companies - MedPlus, Data Patterns and HP Adhesives - are launching their respective IPOs this week.
Besides that, the IPOs of MapmyIndia and Metro Brands are currently underway and open for subscription. To apply and pre-apply for IPOs on Upstox, click here.
Oil prices climb up
The prices of oil rose on Friday as the concerns over the new virus variant and its impact on the global fuel demand eased.
US crude (WTI) rose around 8% last week. Analysts said that the oil traders are feeling more bullish and have rightly priced out the worst-case scenario. However, the concerns over an economic slowdown in China, which is the largest importer of oil, continue to linger over the oil market.
Sectoral indices (December 10)
| Top gainers | Top losers |
| Nifty PSU Bank ▲ 2.6% | Nifty Financial Services ▼ 0.2% |
| Nifty Media ▲ 2.4% | Nifty FMCG ▼ 0.0% |
Global markets (at 8:00 am today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.8% |
| Nikkei 225 (Japan) | ▲ 0.9% |
| Hang Seng (Hong Kong) | ▲ 1.4% |
| SSE Composite (China) | ▲ 1.0% |
| Dow Jones (US) (December 10) | ▲ 0.6% |
| NYSE (US) (December 10) | ▲ 0.4% |
| Nasdaq (US) (December 10) | ▲ 0.7% |
| S&P 500 (US) (December 10) | ▲ 0.9% |
Fact of the day
Nike's iconic tag line "Just Do It" was inspired by a murder convict's final words (“Let’s do it”) in 1970s in Utah in the US.
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Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.