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Brokerage firms have mixed views on the issue. A few believe the company is a lucrative long-term play given its strong position in the duopoly market, whereas others suggest keeping off the issue, citing rich valuations and complete OFS status.

“Steadily declining inflation in the US and the hope that the Fed will respond to this with a pause in rate hikes in early 2023 are positive indicators for the market. Therefore, market trends are likely to oscillate like the World Cup finals,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Wholesale numbers for passenger vehicles crossed the 300,000-mark for the sixth straight month this year in November, taking the cumulative tally to more than 2 million units for the first time in a six-month period.

Attrition rate over the past 12 months has dropped to 17-18% across the sector, say experts.

Brent and WTI rose more than 3% last week as a Canada to U.S. pipeline remained shut with its operator TC Energy Corp focused on cleaning up an oil spill. The shutdown of the pipeline, with a capacity to send 622,000 barrels per day of Canadian crude to U.S. refiners, has supported prices for U.S. heavy crude grades.

The private lender, Yes Bank, has concluded assignment of the Rs 48,000-crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company.

The Hyderabad Growth Corridor (HGCL), a wing of the Hyderabad Metropolitan Development Authority (HMDA), had invited bids for maintaining the 158-km-long Nehru Outer Ring Road (NORR) through public-private partnership on toll, operate and transfer (TOT) basis for a period of 30 years.

"SPTL is a special purpose vehicle (SPV), which was formed to manage this highway, which is an important road leading into and out of Mumbai. The account has been in trouble for some years now because of a dispute with the toll operator and the Maharashtra government," said a person familiar with the offer.

"The year 2023 will be tough, with growth slowing down globally, we are bound to see some repercussions in India. I expect a slower or quieter market in 2023, and I suspect money garnered through IPOs next year will be lower than or on the same level as 2022," said Nikhil Kamath, co-founder of True Beacon and Zerodha.

After one year of continued outflows, the BFSI space has started witnessing fresh flows in the last two quarters where banking was the major beneficiary. We expect the same trend to continue in CY23 as well, it added.Equity markets have witnessed the return of foreign funds since July 2022. They turned net buyers of almost Rs 84,000 crore.