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Tuesday, December 31, 2024 | 10:04 PM ISTEN Hindi

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Bandhan Bank, Bajaj Auto, PVR: Trading strategies for news-driven stocks

Rising channel patterns, stability above 200-DMA are some of the indicators that suggest further upside.

Broader market outperforms in May for the first time since January
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For Bajaj Finance, the trend remains bullish as the price is rising gradually.

Avdhut Bagkar Mumbai
Benchmark indices, S&P BSE Sensex and Nifty50, were trading flat in the intra-day session on Tuesday; however, a number of stocks were trading actively in the trade, owing to their respective business and corporate developments. For instance, Bajaj Finance rallied 4 per cent post its quarterly update while Bandhan Bank advanced over 5 per cent after the lender reported healthy loan and deposit growth in the April-June quarter on a yearly basis despite a nationwide Covid-19-induced lockdown. 

Bajaj Auto, on the other hand, traded over 1 per cent lower after it announced a 50 per cent pay cut for its

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