Shares of tyre manufacturer CEAT rose 5 per cent to Rs 3,328 in morning trade on December 12 after Nuvama Institutional Equities and Motilal Oswal dished out 'buy' ratings on the stock just days after the company entered into definitive agreements with Michelin to buy Camso brand’s Off-Highway construction equipment tyre and tracks business for about $225 million.Domestic brokerage Nuvama has as...

The Indian IT stocks defied the negative market trend on December 12 with the Nifty IT index soaring past 46,000 for the first time post-in-line U.S. inflation data, which reinforced expectations of a Federal Reserve rate cut next week.A US Fed cut cope is a positive development for India's information technology companies, which earn a significant share of their revenue from the United States."Po...

Waaree Energies shares have been on a roll, surging 4 percent on December 12 after the company bagged a project for the development of a 170 MW solar power plant in Madhya Pradesh, awarded by the Rewa Ultra Mega Solar Limited.With the surge in today's session, the stock also managed to extend its winning streak to the seventh consecutive session, clocking in gains of over 20 percent during the per...

Sensex and Nifty opened flat on December 12 as with the US CPI data out of the way, investors now await India's CPI data, due later in the day, to provide cues for the Reserve Bank of India's trajectory on rate cuts. IT stocks led the gains in the Nifty after in-line U.S. inflation data reinforced expectations of a Federal Reserve rate cut next week, a positive development for India's information ...

Nifty Trade SetupThe market remained consolidative for the fourth consecutive session on December 11, finishing moderately higher. The chart pattern of the Nifty 50 also indicated volatility in trade. Experts believe the index is likely to break out on the higher side after the current consolidation, given the overall positive sentiment. The 24,700 level is expected to be an immediate hurdle, foll...