Faraday's second law of electromagnetic induction states that:
Faraday's Law and Lenz's Law
Faraday’s Laws and Lenz’s Law of Electromagnetic Induction
Lenz Law vs. Faraday's Law: How Do They Govern Crosstalk and EMI?
Faraday's Law and Lenz's Law
Electromagnetic induction & Faraday's law of induced EMF
When the bar magnet is moved in the direction of the coil, the galvanometer starts showing a deflection even without the presence of a battery.
Compare the energy stored in the coils, if the power dissipated in the coils is the same.
This current is known as the induced current.