DSIJ Mindshare

The month of April was a wicked one for the stock markets across the world and Indian markets were no exception as Nifty plunged 2 per cent.

At 11.45 am on Thursday, the core equity indices i.e., Sensex and Nifty 50 were trading higher by 1.30 per cent each after reaching their day’s high of 1.57 per cent. This surge in their levels comes after Federal Reserve Chairman finally hiked the funds' rates by 50 basis points on Wednesday.   

Fed Chairman also made clear that it is not planning to hike the rates by 75 basis points in the upcoming meeting in June.   

Adani Wilmar Limited (AWL), one of the largest and the fastest-growing packaged food FMCG companies in India offering a wide array of consumer products

Taking favourable cues from the other Asian markets, the domestic equity markets gained momentum and traded substantially in green, breaking the losing streak of the previous two trading sessions. The oil market, still driving a roller coaster ride with the prices, moved up and down sharply.  

The shares of Texmaco Rail and Engineering Ltd surged to almost 4 per cent on Thursday. The shares off Sugar, Power and Cement companies are on the rise in the afternoon session of the bourses.