Despite the Sensex Falling 1500 Points , this Adani group stock is up significantly

The Nifty was trading near the day's low, down 405.50 points or 2.50 percent, and the Sensex was down 1,414.85 points or 2.61 percent. Metal, information technology, real estate, public sector banks, automobiles, oil and gas, and all other major sectors are all trading in the red zone.

Analysts predict that the market will take time to recover until there is a fear of a US Fed rate hike. The BSE SENSEX is 2.47 percent closer to its 52-week low today, while the Nifty is 2.23 percent higher. However, Adani Transmission shares are skyrocketing yesterday. The stock opened at 2006.05.05 and is now up 2.83 percent from its last closing of ₹2051.90.

In the previous year, the stock returned 38.59%, and year-to-date (YTD), the stock has returned 21.89% in 2022. The stock gained 16.41% in the previous six months but has dropped 3.68% in the last month.

In the previous five trading sessions, the stock returned 3.68 percent, and it is now trading higher than the 5-day and 200-day moving averages but lower than the 20-day, 50-day, and 100-day moving averages. Adani Transmission shares reached an intraday high of 2124.10, outperforming the sector by more than 3% based on today's upside gap (4.03 percent).