Nifty ended its three-session winning streak on Wednesday amid selling pressure in IT and consumer stocks. The benchmark index witnessed volatility and low volumes ahead of the Christmas holiday on Thursday, December 25. Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said Nifty’s marginally lower ending was due to profit booking in select sectors. “Overall, we expect Indian equities to trade in a narrow range this week amid a lack of triggers and reduced trading activity due to holidays across several global markets,” he said.Here are 2 stock recommendations for Friday:
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs