Godrej Group purchased the three consumer care brands from the Raymond Group, which is led by Gautam Singhania, for ₹ 2,825 crore. The Raymond group sells the Kamasutra, Park Avenue Perfumes, and KS Deodorant brands. This transaction was completed as a lump sum sale rather than on the basis of individual units. The business will keep producing these brands under contract and selling them to Godrej Consumer Care from its plant in Aurangabad. After Raymond Consumer Care was purchased by Godrej Consumer Products for an all-cash price of ₹ 2,825 crore, the company’s shares fell 2.7%. Meanwhile, shares of Raymond were also down 2.7%.

The frontline S&P BSE Sensex increased by 90 points to 60,740 levels early on Friday morning. The NSE Nifty50 increased by 30 points while maintaining the 17,900-point level. The BSE SmallCap index increased 0.5%, and the BSE MidCap index increased 0.31% in the bigger markets.

Gold prices increased by ₹ 520 to ₹ 61,120 per 10 grams on Thursday in the national capital’s bullion market amid a steady trend in the prices of precious metals on international markets. These details were provided by HDFC Securities. Gold’s closing price in the previous trading session was ₹ 60,600 for a gram. Additionally, the cost of silver rose by ₹ 440 to ₹ 75,340 per kg. Gold increased to $1,999 on the international market, while silver increased to $25.05 for an ounce.

LTP CALCULATOR ANTICIPATION FOR THE NEXT WEEKLY RANGE OF NIFTY 

The Nifty weekly range for the following week has been predicted by the LTP Calculator. Investors should be aware of these aspects since the LTP Calculator Option Chain indicates that the weekly range resistance for the Nifty is 18,061 and the weekly range support is 17,769.