Latest Stock Market News

Sunil Singhania of Abakkus Asset Manager said issues like inflation, interest rate worries and upcoming state elections were already known but the new joker in the pack is the Russia-Ukraine crisis.

Jupiter Meta is aiming to tap the growing Web 3.0 space, it said, adding that it looks to bring people into a more involved and personalized feel to their metaverse interactions.

Adani Wilmar shares zoomed 10 per cent, locked in its daily circuit limit, to Rs 345.80.

“Over the last three-four months, the markets were looking at some kind of reason to cool down a bit. Now, the cooling down has got a little bit exaggerated, particularly in the broader markets. In absolute terms, the market momentum to some extent has been broken and it will take some time to return.”

The stock quoted a 52-week high of Rs 701.75 and a 52-week low of Rs 466.8.

The Relative Strength Index of the stock stood at 46.34 on Wednesday.

A total of 732 shares changed hands on the counter till time (IST).

“From a broader perspective, leaving aside this volatility, incrementally things are not looking good. We like the fact that the market has corrected and there might be opportunities in some of the largecap names but in terms of the incremental data points and the news flow, things are not looking that positive.”

The Relative Strength Index of the stock stood at 47.63 on Wednesday.

The order, which is for tenders floated by the National Highways Authority of India on Hybrid Annuity basis in the state of Chhattisgarh is for the development of the six lane Sargi - Basanwahi Section of NH-130-CD Road from km 42+800 to km 99+500 under Raipur-Visakhapatnam Economics Corridor, reports said.