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Subscribe to enjoy similar stories. In stock trading, technical analysis is the compass that guides traders toward profitable decisions. However, with a dizzying array of charting techniques and timeframes, many traders find themselves lost in a maze of options.

Bajaj Housing Finance has helped triple the value of Tata Capital, the non-bank lending arm of the Tata Group. The company, which debuted in the unlisted market nearly a year ago at ₹300 apiece, has seen its valuations soar to ₹900 per share. Investment bankers attribute the surge to the successful listing of Tata Technologies and the uptick in NBFC valuations.

global stocks hit a record with Jerome Powell’s bullish comments that supported risk assets. Currency traders remained on alert as the French government fell after a no-confidence vote. Shares in Japan and Australia rose, while equity futures in Hong Kong were slightly lower. US equity futures were little changed after Wednesday advances for the S&P 500 and tech-heavy Nasdaq 100 nudged a gauge of global stocks to a new high.

The investment bank has also scaled down the GDP forecast for FY25 to 6%, below the consensus of 6.9% for the fiscal year and the Reserve Bank of India's forecast of 7.2% made in its October policy review.

«We expect the consolidation to continue in the next session, though the overall sentiment should stay positive. Traders are advised to focus on a stock-specific approach and use these intermediate pauses to accumulate quality stocks,» said Ajit Mishra – SVP, Research, Religare Broking.

Vodafone Idea, Indus Towers, Torrent Pharma, Bharat Forge, Indraprastha Gas among others will be in focus due to various news developments. PG Electroplast PG Electroplast launched a qualified institutional placement to raise up to Rs 1,500 crore. The indicative issue price is at Rs 690-699 per share, according to a CNBC TV18 report.

Mutual Fund (MF) debt exposure to NBFCs, which includes their subscriptions to Commercial Papers (CPs) and corporate debt has hovered over Rs 2 lakh crore for more than six months. Their outstanding debt exposure touched Rs 2.33 lakh crore in October 2024, a year on year (y-o-y) increase of 47.1 percent. Though the break-up of iexposure to CPs and bonds Is not available, experts say that NBFCs have seen a higher growth in resources raised through bonds than CPs. NBFCs reduced issuances due to concerns on the sustainability of high growth in their loan portfolio, according to Care Edge Ratings. In comparison, bank lending to NBFCs, which has been a major source of funding for NBFCs rose 6.4% y-o-y growth which has reduced to nearly a third when compared to the growth rate reported in October 2023. Bank lending to the sector has remained in the range of Rs 14-15 lakh crore since November 2023 when the Reserve Bank raised risk weights on bank lending to NBFCs.

revenue from operations and a profit of Rs 3.72 crore during financial year ended March 2024. To fund its strategic expansion plans and enhance operational capabilities, the company is planning to launch an initial public offering (IPO) very soon, a release said.

capital on Wednesday due to poor offtake by stockists and retailers amid weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity fell by Rs 150 to Rs 78,850 per 10 grams. It had closed at Rs 79,000 per 10 grams in the previous session. Price of gold of 99.5 per cent purity extended the losses for the third straight day, declining by Rs 150 to Rs 78,450 per 10 grams from the previous close of Rs 78,600 per 10 grams.

Subscribe to enjoy similar stories. Passenger vehicle (PV) sales, which have been struggling to maintain momentum throughout 2024, experienced yet another setback in November following the festive season-led surge, according to a Mint analysis of vehicle-registration data from the ministry of road transport and highways’ Vahan portal. PV sales contracted 7.6% year-on-year, with registrations dropping to 400,746 units in November from 433,677 units a year ago, showed the data.

open on Wednesday as investors braced for a crucial no-confidence vote by French lawmakers that will likely oust Prime Minister Michel Barnier's government. The pan-European STOXX 600 index was up 0.1% at 0810 GMT, on track for its fifth straight session of gains, after closing at a one-month high on Tuesday, with Germany's DAX rising 0.5%. France's CAC 40 was up 0.05%.

Markets regulator Sebi has notified rules on nomination allowing nominees to act on behalf of incapacitated investors. Additionally, it notified the rule mandating every participant to provide beneficial owners with the option to nominate a person to whom their securities will transfer upon their death. «Every participant shall provide an option to the beneficial owner to nominate, in the manner as may be specified, a person who shall be authorised to conduct transactions on behalf of the beneficial owner in the event of the incapacitation of the beneficial owner,» Sebi said in a notification.

Ashok Leyland Ltd. rose 1.01 per cent to Rs 234.20 in Wednesday's trade. It hit an intraday high of Rs 236.45 and low of Rs 232.20, respectively, during the day. The stock quoted a 52-week high price of Rs 264.70 and low of Rs 157.65.

Lupin Ltd. 0.65 per cent to Rs 2095.05 at 01:55PM (IST) in Wednesday's trade. The stock hit a high of Rs 2099.00 and low of Rs 2062.30 so far during the session. The stock had closed at Rs 2081.40 in the previous session. The counter had a total traded volume of 01:55PM shares so far with a turnover of Rs 1.05 crore on BSE. The stock traded at a price-to-earnings multiple of 36.38 and a price-to-book ratio of 5.16.

Colgate-Palmolive (India) Ltd. 0.1 per cent to Rs 2893.15 in Wednesday's trade as of 02:00PM (IST). The stock hit a high price of Rs 2913.85 and low of Rs 2846.00 during the session.

Tata Power Company Ltd. 0.66 per cent to Rs 425.95 at 12:39PM (IST) in Wednesday's trade. The counter hit a high of Rs 432.00 and low of Rs 424.40 so far during the session. The stock had closed at Rs 428.80 in the previous session. The counter had a total traded volume of 12:39PM shares so far with a turnover of Rs 16.04 crore on BSE. The stock traded at a price-to-earnings multiple of 36.32 and a price-to-book ratio of 3.89.

PI Industries Ltd. 1.86 per cent to Rs 4217.00 at 12:44PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 4219.60 and low of Rs 4098.20 so far during the session. The stock had closed at Rs 4139.60 in the previous session. The counter has had a total traded volume of 2587 shares so far with a value of Rs 1.07 crore on the NSE. It traded at a price-to-earnings multiple of 35.25 and a price-to-book ratio of 6.74.

HEG and Graphite India, surged 14.2% and 7.5% respectively on Wednesday following China’s decision to implement a stricter review process for graphite exports to the U.S. This move raised expectations that the restrictions could increase demand for Indian graphite producers. HEG’s shares jumped 14.2% to a four-year high of Rs 569.70 on the BSE, while Graphite India rose 7.5% to Rs 613.05.

Varun Beverages Ltd. traded 0.9 per cent at Rs 615.40 at 12:34PM (IST) on Wednesday, even as BSE benchmark Sensex 160.18 points to 81005.93. The scrip had settled at Rs 621.00 in the previous session. The stock quoted a 52-week high price of Rs 682.84 and 52-week low of Rs 422.16, respectively. As per BSE data, total traded volume on the counter till 12:34PM (IST) stood at 64560 shares with a turnover of Rs 4.00 crore.

Godrej Consumer Products Ltd. 0.52 per cent to Rs 1223.80 in Wednesday's trade as of 12:29PM (IST). The stock hit a high price of Rs 1238.10 and low of Rs 1218.30 during the session. The return on equity (ROE) for the stock stood at -4.44 per cent. Traded volume on the counter stood at 12:29PM shares and turnover at Rs 0.26 crore around that time. The stock of Godrej Consumer Products Ltd. quoted a 52-week high price of Rs 1541.30 and 52-week low prices of Rs 1015.40, respectively.

Bandhan Bank Ltd. traded at Rs 175.95 on BSE at 11:58AM (IST) on Wednesday, 0.42 per cent from previous close. The stock quoted a 52-week low price of Rs 163.00 and a high of Rs 263.15.