Sterling and Wilson Renewable Energy shares jumped close to 7 percent in early trade on December 23 after the company announced bagging a domestic order worth nearly Rs 1,200 crore.The company has secured an order for the Design, Engineering, Procurement, and Construction (EPC) of the Balance of System (BOS) for a 500 MW (AC) Solar PV project in Gujarat. This includes single-point responsi...

Siemens India shares extended their losing streak on December 23, falling over a percent in the morning deals as investors offloaded their holdings in the counter following weak management commentary. Brokerages also cut their target prices on the engineering player.In the previous session, Siemens India crashed 10 percent after analysts were disappointed by the fine print of the investor call tha...

Shares of JBM Auto Limited surged 5 percent to Rs 1,720 in morning trade on December 23 after  JBM Ecolife Mobility, a subsidiary of the company, was awarded the contracts as a bus operator for procurement, operation, and maintenance of 343 electric busses in Ahmedabad.The company said that the total cost of the contract is Rs 1,800 crore. JBM Auto shares have seen a decent bounce back, having ri...

Nifty Trade SetupThe market has seen a downward trend throughout last week, falling 1.5 percent on December 20 and losing 4.8 percent for the week. Sentiment turned significantly bearish, with the Nifty 50 falling below the 200-day EMA (23,700) on a closing basis, accompanied by a negative bias in momentum indicators. Hence, if the index sustains below 23,700, the November low (23,263) cannot be r...

The market remained under pressure for the fifth consecutive session, falling 1.5 percent on December 20, with breadth favoring the bears. About 2,121 shares declined compared to 390 shares that advanced on the NSE. The sentiment remains bearish, but considering the severe fall last week, consolidation and range-bound trade are possible. Below are some trading ideas for the near term:Rajesh Palviy...