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With shareholders quizzing Chandrasekaran on Tata Motors’ equity capital reduction move at the annual general meeting (AGM) on Tuesday, the chairman said that it is being done with the objective of fairness for both kinds of shareholders (ordinary and DVR). He added that Tata Sons (promoter) approved the move on the basis of what is good for the company and in the interest of shareholders.

​It is a two-bar candlestick pattern formed after a downtrend. ​

Stocks that were in focus include names like Hindalco, which fell 2.12%, Dixon, which rose 3.6%, and Inox Wind, whose shares jumped 8.40% on Tuesday.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

​It is a 2-day pattern with a green candle and followed by a short candle within the green candle’s range in an uptrend. This pattern suggests an upcoming change in the current bullish trend.​

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

In the previous downgrade in 2011, the market saw a much more meaningful correction. The current correction is a mix of cautiousness and profit booking.

However, there are areas that need to be addressed and if done, it will go a long way in fostering growth for the industry, said Raj Inamdar, Partner at the real estate AIF firm.

“We anticipate a positive long-term impact, where consumers would be using the ATM frequently for lower denomination currency notes, thus increasing cash velocity,” says Pankaj Khandelwal, President & Chief Financial Officer, CMS Info Systems. Edited excerpts from a chat:

Despite recent spikes in vegetable prices and rising consumer prices, the underlying inflationary pressure in India is not strong, according to Sanjeev Sanyal, a member of the economic advisory council to Prime Minister Narendra Modi. He stressed the importance of consolidating fundamentals before pushing for higher growth, referencing the moderating current account deficit and robust foreign exchange reserves.