Shares of Adani Wilmar were trading higher for the second consecutive session today amid a weak broader market. Sensex falls 100 points to 52,593 and Nifty loses 33 points to 15,698.ġ0:48 am: Adani Wilmar stock falls 26% from record high: Time to buy, sell or hold? However, missing was specific revenue growth guidance," CLSA said. "Management’s margin guidance is 23 per cent -25 per cent with capex guidance of $300m.
Tata Communications stock hit 52-week low of Rs 856, losing 7.12 per cent in early trade against the previous close of Rs 921.65 on BSE.īrokerage firm CLSA cut its target price to Rs 1,070 from the earlier target of Rs 1,440. Shares of Tata Communications fell over 7 per cent today after the firm held investor meet for June 2022. READ MOREġ1:43 am: Tata Communications stock hits 52-week low Treasury yields hit decade highs and the dollar a 20-year peak as futures: implied it was near certain the Fed would hike by 75 basis points to a range of 1.50-1.75% later on Wednesday. Sensex rises 136 points to 52,830 and Nifty gains 37 points to 15,769 in the afternoon session.ġ2:16 pm: Asian markets in pensive mood over expected Fed rate decisionĪsian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession. Top Sensex gainers are Bajaj twins, Tata Steel, SBI and ICICI Bank among others, rising up to 4.39 per cent. The government in a statement on Wednesday stated that the 5G services will be rolled out soon, and that over 72 GHz of spectrum will be auctioned for a period of 20 years. The Union Cabinet has approved the auction of 5G spectrum, as reported initially by Business Today on Tuesday. Advice being extremely selective for the near term."Ģ:00 pm: Cabinet approves auction of 5G spectrum details here
Critical medium term trend support is seen at 15500 below which trend gets challenged. Short term momentum parameters also suggest possibility of high volatility in the near term coinciding with the Fed decision on interest rates.
Nifty live series#
"Nifty June series continues to trade with a negative bias - no strong reversal confirmation seen yet. Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities
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