Big movers on D-Street: What should investors do with ITC, ACC and Adani Wilmar?
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Benchmark indices Sensex and Nifty edged lower on Thursday, extending their losing run to the fourth straight day on disappointing earnings and unabated FII outflows Stocks that were in focus include names like ITC, which fell 2%, ACC, which rose 0.2%, and Adani Wilmar, whose shares jumped nearly 6% on Thursday. Here's what Ameya Ranadive CMT CFTe at Sr Technical Analyst, StoxBox, recommends investors should do with these stocks when the market resumes trading today. ITC ITC Ltd fell by approximately 1.5% intraday, trading near Rs 474 ahead of its Q2 FY25 earnings report. The broader Nifty FMCG index is also under pressure, having corrected 11% from its recent highs due to underwhelming sector results. ITC's cigarette, hotels, and agriculture segments are expected to contribute positively in Q2, while its paperboard division remains a point of weakness. From a technical standpoint, the stock has broken a key support level at Rs 48...