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All eyes this week will be on the Federal Open Market Committee (FOMC), the rate setting body of the U.S. central bank, which will announce its decision on Wednesday. Most analysts expect it to deliver a third straight 75 basis-point hike.

“In a world where countries and regions are fighting to ensure that they go into a recession, we in India are talking about whether our growth rate will be 7% or 7.5%. Global investors are seeing that if there is one place or a few places where they can have less worries, India stands out. Optimism from both domestic as well as global investors has led to a big divergence in the last one, one and a months.”

The technical setup suggests that the stock may see some more selling pressure; hence, short-term traders can look at selling the stock now for a target of Rs 520, suggest experts.

“The tone of the delivery, the statements and the subsequent press meeting will be very important but my sense is that whether it is 75 or 100 bps, they are not going to come out and say that the world is in a terrible shape. Probably we are going to get a bit of a rally after the meeting.”

Adani group has also inducted former State Bank of India (SBI) chairman Rajnish Kumar as an independent director on the Ambuja Cements board and former Shell India head Nitin Shukla on the ACC board.

The market traded on a volatile note in the last five trading sessions. Even then, there are four stocks from the BSE500 pack that continuously moved higher in each of the trading sessions, rallying up to 50 per cent.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 2067.58 crore, up 6.50 per cent from last quarter total income of Rs 1941.48 crore and up 18.11 per cent from last year same quarter total income of Rs 1750.61 crore.

The process will be based on compressed timelines, wherein the procurement window will be open to the Indian industry for six months and the industry would be expected to deliver equipment within one year of signing the contract, it said.

When seen on a year-to-date basis, Nifty has gained 1.66 per cent. On the other hand, the Dow Jones is down by over 15 per cent, FTSE100 2 per cent, Shanghai index 14 per cent and Hang Seng nearly 21 per cent.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 594646.30 Crore) operating in FMCG sector.