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“First comes the agri-related companies. Valuations of PI Industries, United Phosphorous and a number of companies in that space are extremely attractive. These are recession and external-shock proof . Second, IT stocks which have corrected significantly but where the outlook remains extremely strong. The third is small ticket consumer discretionary stocks. Companies like Voltas, Havells look good.”

The stock quoted a 52-week high price of Rs 512.05 and a 52-week low of Rs 323.65.

The Nifty IT index was trading 0.32 per cent down at 29377.1.

Ador Welding Ltd., incorporated in the year 1951, is a Small Cap company (having a market cap of Rs 929.80 Crore) operating in Industrial Equipment sector.

A total of 10,986 shares changed hands on the counter till 10:20AM (IST).

The stock quoted a 52-week high of Rs 1258.75 and a 52-week low of Rs 583.05.

The COAI represents India’s top telcos, Reliance Jio, Bharti Airtel and Vodafone Idea (Vi). The telcos’ stand directly in conflict with the position of the biggest tech companies like Tata Consultancy Services (TCS) and Tata Communications who want the government to directly allocate 5G spectrum to private enterprises, as recommended by the sector regulator.

Biden has also reappointed Jerome Powell to a second four-year term as Fed chair and elevated Lael Brainard to the position of vice chair.

Stocks which were in focus include names like MRPL which rose nearly 9 per cent, ICICI Lombard fell over 4 per cent, and GMM Pfaudler was down by nearly 2 per cent on Wednesday.

The Wall Street watchdog plans to scrutinize growth in recent years of the payment for order flow (PFOF) practice, which is banned in Canada, the UK and Australia.