The government appointed Shaktikanta Das as the new governor of the Reserve Bank of India for three years, making him the 25^th RBI chief. The decision was made 24 hours after Urjit Patel’s unforeseen resignation. The swift decision is a mark of the government’s resolve to combat uncertainty.

The stocks most likely to witness significant movement on the bourses on December 12 are Unichem Laboratories, Shalby, Palred Technologies, SBI and Music Broadcast.

The pharma major launched omeprazole delayed-release tablets, 20 mg, an over-the-counter (OTC) equivalent of Prilosec OTC in the US market. This has helped the stock trade in the green in an otherwise volatile market on Tuesday.

Strides Pharma Science Limited's 50:50 JV Strides Vivimed has got USFDA approval for Albendazole Tablets on Tuesday. The US market for the said tablets is around US$100mn as per IQVIA MAT data.

The RBI Governor Urjit Patel tended his resignation on Monday ahead of the crucial board meeting scheduled for Friday, December 14. Also, the state election results will bring more volatility to the Indian equity markets.

The stock markets will witness action-packed trading tomorrow as the RBI governor Urjit Patel has stepped down with immediate effect. The RBI governor's move coincides with the state elections results tomorrow.

The stocks most likely to witness significant movement on the bourses on December 11 are Lupin, Tata Motors, Kotak Mahindra Bank, Zensar Technologies and Titagarh Wagons.

Private banker Kotak Mahindra Bank has filed an appeal with the Bombay High Court against the Reserve Bank of India, contesting the regulator's decision on reduction of the bank's promoter shareholding.

Lupin has received tentative approval from USFDA to market Apixaban Tablets, 2.5 mg and 5 mg. The tablet is indicated to treat several ailments including reducing the risk of stroke and systemic embolism.

Tata Motors Group's global wholesales for the month was at 1,04,964 units in November, lower by 7 per cent on a YoY basis. This include Tata Motors passenger vehicles, Tata Motors commercial vehicles and Jaguar Land Rover.