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...

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...