Adani Share Price: After increasing the interest rate in America (US Rate Hike), the stock markets around the world are witnessing a decline. However, it is not having any effect on Adani Group Stocks. In the early trade of Thursday, almost all the shares of Adani Group are in the green mark and some of them are in the upper circuit as soon as they open.
only one stock lost
The shares of Adani Group have been on a rise for almost a month. The rally in Adani shares has returned since the last week of February and since then it has gained strength in almost all the sessions except for a few days. When the trading started today, 07 out of 10 scrips of the group opened with gains, while three scrips saw a slight decline. However, two other stocks were also able to make a comeback in a short time of trading. In this way, only one share Ambuja Cement remained in loss.
He returned in a few minutes
Adani Enterprises, the flagship company of the group, may have started with a decline, but came into the green zone in a short span of time. Fluctuations are being seen in a limited range in its price. Similarly, ACC also started the business with a loss, but within a few minutes it recovered all the losses. Ambuja Cement was trading with a loss of more than 0.50 per cent.
upper circuit on three shares
The share price of Adani Green has been hitting the upper circuit for several consecutive sessions. For more than three weeks, its price has gone up by 5-5 per cent in almost every session. The same trend continues in today’s business as well and as soon as it opened, the stock hit an upper circuit of 5%. Apart from this, in today’s business, Adani Total Gas and Adani Transmission also have upper circuit. Shares in other group stocks Adani Ports, Adani Power, Adani Wilmar and NDTV are also up in the initial stages.
Today started like this:
|company/stock||Quote (in Rs)/Change (in per cent) in opening trade|
|Adani Enterprises||1815.25 (0.04%)|
|Adani Green||982.45 (5.00%)|
|Adani Ports||658.50 (0.18%)|
|Adani Power||205.00 (0.56%)|
|Adani Transmission||1067.00 (3.33%)|
|Adani Wilmar||424.00 (1.01%)|
|Adani Total Gas||983.30 (5.00%)|
|Ambuja Cement||373.90 (-0.48%)|
market in early trade
Talking about the domestic stock market, today both BSE Sensex and NSE Nifty are in decline since the opening trade. BSE’s 30-share index Sensex was in loss of more than 150 points in early trade. Similarly, the NSE Nifty was down by about 55 points. After the interest rates were increased in the US, selling is being seen in rate sensitive banking, finance and tech stocks.
read this also: Effect of interest rate hike in America, Sensex-Nifty fell as soon as it opened, tech stocks are in bad condition