The Stock Market of India is witnessing a volatile situation due to the current world affairs. The price of basic commodities has increased which has further elevated the situation. The Adani group could be seen in the rising 42 % gains in this week.
Domestic Stock Market
The potential earning growth from the domestic market can be seen to be elevating as the prices of the commodities are on a constant rise. As a result, the market is highly volatile at the moment.
As per the reports of the head of Research at the Financial service department, “The major focus of the market will be on the Russia-Ukraine war, movement in crude prices and RBI’s policy announcement due this week. Volatility is expected to continue in the market until commodity prices subside and supply constraints get resolved”.
At present, the Adani Power has gained over 42 % in the BSE500 stocks. The group has also acquired the Essar Power and has been planning on the usage of liquid ammonia in their plant.