News
Markets / The Economic Times
Pine Labs shares: Pine Labs returned to profit in Q2FY26 with 6 crore in net earnings its strongest performance yet and a turnaround from last years loss alongside a 25% sequential growth in profit after tax.
Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it signals strong buying pressure throughout the session.
Indian stocks opened lower on Thursday, extending a losing streak to a fifth session as foreign investors resumed heavy selling and the rupee hit a fresh record low. Investors are exercising caution ahead of the Reserve Bank of India's policy decision and guidance due Friday. The Sensex and Nifty both slipped in early trading.
RSI trending up indicates that the Relative Strength Index (RSI) is rising, suggesting strengthening momentum in the stocks price.
Foreign investors showed strong interest in Japanese stocks and bonds. They purchased technology and banking shares, anticipating Federal Reserve rate cuts and potential Bank of Japan rate hikes. This influx boosted Japanese equities, which are expected to see robust profit growth next year. Japanese investors, meanwhile, bought foreign stocks but sold foreign bonds.
Biocon shares: Biocons Board will meet on Saturday, December 6, 2025, to decide on key proposals that could shape its growth and shareholder value. A major agenda item is a potential investment in its unlisted arm, Biocon Biologics either through cash or preferential allotment to boost its stake and support long-term expansion.
Northern Arc Capital expects its return on assets (ROA) to rise to 3.73.8% over the next two years, driven by stronger NIMs from its expanding retail franchise and a fast-growing fee income business. MD & CEO Ashish Mehrotra outlines how credit-cost normalization, branch-led MSME growth and a rising share of direct lending will power 2530% annual AUM growth.
The Indian rupee has reached a new low, trading below 90 against the US dollar. This marks a significant slide for the currency. Foreign investors are continuing to withdraw funds from Indian stocks. The rupee's decline is impacting exports and making local equities less attractive. This trend highlights economic challenges for India.
Technical analyst Rohit Srivastava says Nifty is oversold and sitting on a crucial support at 25,900, with Bank Nifty near 59,100. A close below these levels could trigger a deeper fall, but holding them may mark a market bottom. He explains why volatility remains low, sector rotation continues, and what levels traders should watch for the next breakout.
IndiGo faces a DGCA probe over widespread flight disruptions, with over 200 cancellations and hundreds of delays impacting passengers. The airline cites new pilot duty rules, tech glitches, and weather as causes. IndiGo is implementing schedule adjustments and offering passenger support. Shares saw a decline amid these operational challenges.
NHPC shares are poised for investor attention after Unit 2 of its 2,000-MW Subansiri project successfully synchronized with the grid on December 2, 2025. This marks the first unit to supply power for testing, with Commercial Operation expected this month. The project promises significant clean energy generation, bolstering India's green goals.
The Indian rupee is poised for a modest recovery against the U.S. dollar in the coming months, contingent on a trade deal between the two nations. Despite recent record lows and significant foreign investor outflows, analysts anticipate a stabilization. A breakthrough in trade talks is seen as crucial for boosting sentiment and improving capital flows, preventing further sharp depreciation.

10 C