Robertson, called by some as the “Father of Hedge Funds”, launched his firm Tiger Management in 1980 with $8 million and turned it into over $22 billion in the late 1990s. The 89-year-old billionaire was in the US Navy before working as a stockbroker for Kidder, Peabody & Co., when he and his family moved to New York.

With a new and possibly even more deadly variant of the coronavirus being detected in South Africa, Botswana and Hong Kong, a fresh outbreak of the disease may well be on the cards. When this is coupled with a recent resurgence of Covid-19 in Europe — which has been accompanied by attendant restrictions on activity — the risk to global growth has intensified significantly.

In the international market, gold trading in the green at USD 1,795 per ounce and silver flat at USD 23.65 per ounce.

The Nifty Pharma index closed 1.18 per cent up at 13566.5.

“India is firing on most cylinders. There is a tremendous amount of infrastructure investment that is happening. It has been long overdue but we are now finally seeing it actually taking place, giving rise to a lot of business confidence. ”

On the technical charts, the 200-day moving average of the stock stood at Rs 146.36.

There was some volatility in the market given November futures and options contracts expired and traders rushed to either square their positions or roll over. The major reason behind the rally was buying in Reliance Industries shares.

“Limited downgrades over the last few quarters are a welcome change from almost given downgrades that we used to see after every quarterly results over the last 10 years.”

Real Estate Investment Trusts (REITs) offer an effective alternative. It can provide an improved diversification strategy for investors looking to re-allocate portions of their fixed income portfolio with an eye on a potential rise in interest rates.

As per the traders active in the unofficial market for unlisted shares, Tarson Products shares are trading at a premium of Rs 175-180, which is more than 27 per cent above the IPO price band of the company shares.