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Amrutanjan Health Care standalone net profit rises 121 18% in the December 2020 quarter

Amrutanjan Health Care standalone net profit rises 121 18% in the December 2020 quarter
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market outlook: Ahead of Market: 12 things that will decide stock action on Thursday

US stocks fall after hitting record highs Wall Street s main indexes turned negative in volatile trading on Wednesday after the S&P 500 and the Dow hit record highs at the open on hopes of faster economic growth. The Dow Jones Industrial Average fell 73.22 points, or 0.23%, to 31,302.73, the S&P 500 lost 9.58 points, or 0.24%, to 3,901.72 and the Nasdaq Composite lost 73.65 points, or 0.53%, to 13,934.05. European shares gain on stimulus hopes European shares rose on Wednesday as upbeat earnings reports from firms including SocGen helped boost optimism around a broader economic rebound, while shipping company Maersk slumped after its quarterly profit missed estimates. The pan-European STOXX 600 index rose 0.26%, with commodity-linked shares and utility stocks leading the gains.

HNIs: Stocks that helped these PMSes make big money for HNIs in Nov

NEW DELHI: A spectacular bull run on Dalal Street helped domestic portfolio managers for the rich deliver solid returns to their high networth clients in November. Available data suggests at least 189 major PMSes from across segments – like multicap, smallcap, midcap and largecap – delivered positive returns to investors during the month. Lake Water Advisors’ Multicap Strategy delivered the most at 30.12 per cent for November, 62.17 per cent for last six months and 13.65 per cent for last one year. Nearly 67 per cent of the portfolio is invested in five stocks: Bajaj Finance, Aarti Industries, L&T Technology Services, 3M India and Aarti Surfactants.

market outlook: Ahead of Market: 12 things that will decide stock action on Friday

Nifty formed a small bearish candle with a long lower shadow on the daily chart in Thursday s session. The 50-pack index negated the formation of higher highs and lows of the last nine sessions. Defensive viz. FMCG, IT and pharma tend to do well during the corrective phase, but traders should maintain caution in the selection of the stocks as we’re seeing selective participation, said Ajit Mishra, VP - Research, Religare Broking. He also added, Indications are in the favour of some consolidation in the index and it would be healthy for the markets. Nifty has critical support at 13,350 and its breakdown may result in further correction ahead. In the case of a rebound, the 13,550-13,600 zone would act as a hurdle.

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