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I think all three put together in terms of EPC project business, in terms of manufacturing and also in the development role in the green energy space, in addition to where we are already present in the fossil fuel sector as well as in the power sector, so this is going to be more of a supplementary addition to the business

Bajaj Holdings shares drop 0.41% as Sensex falls

Updated at : 2023-06-08 14:05:02

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A total of 560 shares changed hands on the counter till 12:30PM (IST)

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

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The Indian rupee is expected to remain in a tight range against the US dollar for the next three months, hovering near its historic low, according to a Reuters poll of analysts. The rupee has traded within its narrowest range in almost two decades in 2018, with the Reserve Bank of India intervening regularly to protect it from volatility. Forecasters said the rupee was likely to trade at INR82.33 to the dollar and INR82.25 to the dollar by the end of June and August respectively, and could fall if the Federal Reserve takes a hawkish stance on rates.

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​On the candlestick screener, a bearish reversal pattern helps identify stocks that can move uptrend from a downward zone​

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

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There is nothing incrementally to worry about even for rate sensitives now. Earlier it was always that hanging sword which said that the RBI will hike the rates whether it is going to be 25 bps or 50 bps, now that worry does not exist. Even if the RBI were to increase the rates by 25 bps, the market will kind of ignore it.

But this does not mean that we are looking around to puff on cigar butts. We are also looking for a trigger to unlock the value. It might be growth or inflection that we believe will eventually allow value to be recognised.

Conditions remain conducive in the near term for markets to continue recovery and move towards a new high. This is on the back of improved domestic macro sentiments along with better global flows due to expectations of interest rates peaking.

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In the Nifty50 pack, six stocks crossed their previous 5-year high values at the close on June 07, suggesting bullishness in counters.

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