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Indian Markets Decline as FMCG Stocks Weigh on Sensex and Nifty
Indian benchmarks Sensex and Nifty opened flat on December 9 but declined as FMCG stocks, particularly Godrej Consumer, fell sharply following a weak sales forecast. At 10:00 AM, Sensex was down 207 points at 81,501, while Nifty dropped 66 points to 24,611.40. Despite this, broader markets showed resilience, with BSE midcap and smallcap indices rising 0.1 percent each.
Raiffeisen Research Removes SBO from Top Picks Amid Oil Market Uncertainty
Raiffeisen Research has removed SBO from its Top Picks list, citing a lack of support for energy stocks due to current oil price forecasts and uncertainties in future oil production projects. The updated list includes companies such as 3M, Allianz, Amazon, and Microsoft, among others. Verbund, Austria's leading electricity company, is a major player in hydropower generation and has been publicly listed since 1988.
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