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According to the release, the deal has been sealed for 600 million Euros (about Rs 4,831.8 crore), wherein Varroc will be divesting its lighting System operations in the USA, Brazil, Mexico, Poland, Czech Republic, Germany, Turkey, and Morocco.

The LIC has set a price band of Rs 902-Rs 949 per equity share. The government intends to raise Rs 21,000 crore through the issue.

"Inflation affects different asset classes in different ways. Generally fixed income returns would be impacted more as compared to equities where inflation-linked sectors will do better. The key is to maintain a well-diversified portfolio across all asset classes. However, the real return expectations should be moderated during high inflation scenarios. The portfolio should be aligned to commodity producing sectors which are expected to do better than commodity user sectors."

“Four-wheelers on the other hand have stories like M&M and Maruti. Expectations are very low from these companies and the delivery could be much better. Among two-wheelers, Bajaj Auto is in a fair valuation zone; its exports are doing well, domestic markets are stable and there so no trigger for any significant downside or upside.”

“I am not that bullish on any of the FMCG companies at this point of time, ITC included. One is better off in some of the other larger businesses that could be technology, banking and even capital goods. Something like Larsen & Toubro, that has more sustainability and growth of earnings than the FMCG pack.”

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 526743.12 Crore) operating in FMCG sector.

During the move, the stock continuously traded above averages, and the super trend indicator was also in a positive mode. From November 21, the uptrend in stock prices was supported by above-average volumes.

The latest uptick was thanks to the Bank of Japan, which sent the yen falling through 130-per-dollar for the first time since 2002 on Thursday when it reinforced a commitment to its super-low yield policy.

Gold prices edged higher on Friday as lower U.S Treasury yields outweighed pressure from an elevated dollar, but bullion was still headed for its biggest monthly drop since September on fears of aggressive interest rate hikes by the Federal Reserve.

Elon Musk said in a tweet that there are "no further TSLA sales planned after today."