Sunny Agrawal from SBI Cap Securities suggests a constructive short-term market outlook, anticipating a potential 50 basis point rate cut by the RBI. He recommends overweighting banking (ICICI Bank, HDFC Bank, Indian Bank), auto (Mahindra & Mahindra, Force Motors), and oil & gas (HPCL) sectors.
Cabinet approves India-Oman trade pact; may be signed during PM’s Oman visit on Dec 17-18
India and Oman are set to sign a free trade agreement. The pact will be signed during Prime Minister Narendra Modi’s visit to Oman from