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“A better way to play pharma would be through hospital stocks. Then we also have these domestic-oriented pharma companies like JB Chemicals or Eris Lifesciences and then the pharma MNCs. Those also are a secular growth story at this point of time because spending on medicine is going to keep on increasing as healthcare possibilities expand.”

“I prefer the stock market and start-ups which have been doing well. I have not dabbled into cryptocurrency, NFTs etc because I am not such a fan of anything that does not feel real. I am a little traditional in that sense. It is a bit of wisdom combined with gut and that in my opinion is the best recipe where experts do what they do and at the same time, they run it past me and my father. Eventually it is about guts.”

Tesla CEO Elon Musk said on Thursday he will not sell more Tesla stock for another two years.nWhile speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a "serious recession" in 2023 and demand for vehicles will be lower.

Meanwhile, oil prices rose on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the United States could snuff out transport fuel demand growth this holiday season.

Stocks that were in focus include names like ICICI Lombard which rose more than 1%, Jindal Stainless which closed with gains of nearly a per cent, and PNC Infratech also closed with gains of nearly 2% in a muted market with strong volumes.

The board of Ramco Systems met the previous day to consider raising of funds by way of issue of shares and/or warrants convertible into equity shares. The board decided on the issuance of warrants as well as equity shares.

The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight labour market, data released on Thursday showed.

Acro Paints is a leading manufacturer in northern India of architectural and high-performance paints and coatings. This acquisition is a step towards fast-tracking JK Cement’s entry into the paints business, expanding its product offerings and potentially foraying into new markets, as per the press statement.

On Wednesday, Bandhan Bank invited expressions of interest for selling over 1.8 million loan accounts aggregating to a loan book of ₹8,897 crore. It said counteroffers should be at least 5% over the anchor bid of ₹801 crore. The offer from Phoenix ARC is a combination of security receipts and cash, one of the persons cited above said. The bank has invited applicants to submit offers by December 28. Phoenix ARC will have the first right to match the counteroffer, if any.

The adequacy of TRC has often been questioned by the Income tax (I-T) department on the grounds that investing entities were mere dummies set up for treaty shopping and deriving tax benefit while actual control lay with holding companies and investors in other locations which do not qualify for tax exemption.