Shares of Waaree Energies Ltd gained as much as 3 percent to Rs 2,648 in early trade on January 13 after the company announced its plans to acquire Enel Green Power India Private Ltd (EGPIPL) in a deal valued at up to Rs 792 crore, subject to customary adjustments. The company signed a share purchase agreement with Enel Green Power Development on Friday marking its strategic entry into the renewab...

Crude-sensitive stocks like those of oil marketers, airlines, and paint and tyre manufacturers, which are dependent on crude as a key input material, took a hit on January 13 following a rise in Brent oil prices.Brent crude prices surged past $81 per barrel, hitting a three-month high in early trade today. The rally was driven by expectations that expanded US sanctions on Russian oil producers and...

The Nifty 50 and Bank Nifty extended their downward journey for three consecutive days on January 10, trading below all key moving averages with a negative bias in momentum indicators. If the Nifty 50 breaks its Friday low of 23,350, the correction could extend to 23,263 (the November low), followed by 23,000. However, if it moves back above 23,600, sentiment could revive, and the index may move t...

The Nifty 50 extended its downtrend for the third consecutive session, falling 0.4 percent with above-average volumes on January 10. The overall trend remains bearish, given the negative bias in momentum indicators and the index trading below all key moving averages. If Friday's low (23,350) is broken, the Nifty 50 may test the November low of 23,263, followed by 23,000, which is the key support z...

The benchmark indices remained in negative terrain for another session, with the Nifty 50 falling by four-tenths of a percent on January 10, and breadth strongly favoring bears. A total of 2,117 equity shares declined, compared to 401 shares that advanced on the NSE. The market is expected to consolidate after the severe correction seen last week. Below are some trading ideas for the near term:Ame...