Shares of software development firm Intellect Design are higher by 10% in early trade on December 23 with volumes that are more than 10x the one-month average, testing levels last seen in October.Last week, the company shared a presentation with analysts and institutional investors on its new Enterprise AI platform called Purple Fabric, which is tailored for the financial and insurance sectors. Th...

Shares of Niva Bupa Health Insurance Company rose over 2 percent after international brokerage Morgan Stanley initiated an 'equal-weight' call on the recently listed stock. Alongside that, Morgan Stanley set a price target of Rs 88 for the stock, implying a potential upside of 15 percent from Friday's close.At 09.21 am, shares of Niva Bupa were trading at Rs 77.01 on the NSE.Touting Niva Bupa as a...

Shares of metal companies, especially steelmakers, rose in early trade on December 23 after the Directorate General of Trade and Remedies (DGTR) took notice of the steel industry's request seeking a 25 percent safeguard duty on imports and began its investigation on the matter.  Even though a decision on the matter is expected following the DGTR's investigation, CNBC-Awaaz reported, citing sourc...

If you’ve been around the markets long enough, you’ve probably weathered five percent, ten percent, or even 40 percent corrections. But how often do you see the Nifty 50 open by nosediving one percent?According to a quick crunch by Samco Securities, it’s rare, only 107 instances of a gap-down opening exceeding one percent have been recorded since 2000. When you look at the pandemic era, sinc...

Nifty and Sensex broke free from a five-day losing streak on December 23, opening the session firmly in the positive as gains in bank and metal stocks lent a much-needed lift. The rebound comes in the wake of a tumultuous week that saw the benchmarks suffer their steepest fall since June 2022, with the Nifty plunging 10 percent from record highs into a technical correction.At about 9:40 am, the Se...