This share of Adani Group is running like a rocket, today there was a jump of more than 9 percent

Mumbai: There is a boom in the stock market today. Meanwhile, Adani Group has made a strong comeback. Since this morning, tremendous growth is being seen in the shares of Adani Group. The Nifty 50 opened higher on Wednesday amid strong global cues. Nifty is seeing a boom. The Nifty 50 today opened at 17,750.3 as against its previous close of 17,721.5. This is a result of strong global cues. Major Wall Street indices closed in the green amid US Fed Chair Jerome Powell’s comments on inflation and continuation of the current rate hike.

The Nasdaq Composite jumped 1.9%, the Dow Jones Industrial Average 0.78% and the S&P 500 jumped 1.29% in overnight trading. Despite strong overnight action on Wall Street, Asian counterparts were mixed. At 11:00 am, the Nifty 50 was trading at 17,824.65, up 103.15 points or 0.58%. The Nifty Mid-Cap 100 index and the Nifty Small-Cap index climbed 0.28% and 0.2%, respectively.

The Nifty 50 opened with gains today but will face resistance at its 20-day moving average (EMA) at 17,857. The 50-day EMA of the stock is 17,975. However, it is likely that the market will trade sideways unless it moves beyond the levels of 18,300 to 18425 on the upside and 17,350 to 17,575 on the downside. The list of stocks which have seen price volume breakout is given below.

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