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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Stocks that were in focus include names like Welspun Corp, which rose 2.81%, Vipul Organics, which gained 19.56%, and Welspun Corp, whose shares fell 2.8% on Tuesday.

Shares of Dabur India may stay in focus after the company forecasted a mid-single digit decline in Q2FY25 consolidated revenue due to corrections in India operations. However, international business is poised for double-digit growth. Inventory actions in the GT channel to affect September quarter profitability.

Shares of Maruti Suzuki are likely to draw attention after a 2% increase in September sales, reaching 1,84,727 units. Domestic passenger vehicles sales dropped 4%. The company reports 10.63 lakh units sold in the first half of the fiscal year. CNG vehicle sales now account for over 34% of Maruti’s total sales.

Unilex Colours and Chemicals will debut on the NSE SME platform with a grey market premium indicating an 8% listing premium. The funds will be used for working capital, debt repayment, and corporate purposes. The company specializes in pigments and serves both domestic and international markets.

Deven Choksey, MD of DRChoksey FinServ, emphasizes careful investment with large-cap stocks in the Nifty 50 and Nifty 100 due to stable growth prospects. He advises caution with gold financiers due to potential interest rate impacts and expects robust growth in auto sales and metals, driven by several sector-specific factors.

Research by the RBI reveals that monetary policy transmission is more effective with increased formality in the labour market. A higher share of formal sector employment enhances the impact of policy measures on inflation and output, suggesting better outcomes under inflation targeting.

Total gold loans sanctioned by non-banking financial companies (NBFCs) increased 26% year-on-year to ₹79,218 crore in the first quarter of the current fiscal even as sanctions for personal loans fell by 4%, indicating the impact of higher risk weights for unsecured loans by the Reserve Bank of India.

The yen tumbled about 2% against the dollar Wednesday, its worst day since June 2022, after Shigeru Ishiba said the economy isn’t ready for another hike. The currency fluctuated near 146.50 per dollar Thursday, near its weakest level in a month.