Weekend Wrap: From Wipro to Varun Beverages, top news and market movers this week

Top News

• As per the data released by Central Board of Direct Taxes, India’s direct tax collections surged by 20.66% to ₹13.7 lakh crore on an annual basis for FY24.
• India’s foreign exchange reserves (Forex) increased by $9.11 billion to touch $615.97 billion for the week ending December 15, 2023.
• Shares of Doms Industries, Inox got listed and Indian Shelter Finance at a premium of 77%, 44% and 25% over issue price of ₹790, ₹950 and ₹493. While IPOs of Muthoot Microfin, Motisons Jewellers, Suraj Estate, Happy Forgings, RBZ Jewellers and Azad Engineering got oversubscribed by 12.30, 173.23, 16.57, 82.63, 16.86, 82.97 times respectively.