After opening the day lower, the Indian benchmark remained in negative territory as the session progressed and ended the day lower.Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Thursday’s trading session in negative territory.At the closing bell, the BSE Sensex closed lower by 236 points (down 0.2%).Meanwhile, the NSE Nifty closed lower by 93 points (down 0.3%).Bharti Airtel, Adani Ports, and Tech Mahindra are among the top gainers today.NTPC, HUL, and BPCL on the other hand, were among the top losers today.The GIFT Nifty was trading at 24,626, down by 108 points at the time of writing.The BSE MidCap index ended 0.5% lower and the BSE SmallCap index ended 1% lower.Sectoral indices were trading mixed today with stocks in the media sector and IT sector witnessing buying. Meanwhile, stocks in the oil & gas sector and capital goods sector witnessing selling pressure.Dixon Technologies, Coforge, and Info Edge hit their respective 52-week highs today.The rupee is trading at 84.88 against the US$.Gold prices for the latest contract on MCX are trading marginally lower at Rs 78,890 per 10 grams.Meanwhile, silver prices were trading 0.5% higher at Rs 96,319 per 1 kg.
 Shakti Pumps Shares Jump 55. Here’s WhyIn news from the engineering sector, shares of Shakti Pumps surged 5% to hit an upper circuit of Rs 857, extending gains for a fourth session in a row on 12 December after the company received an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25,000 standalone off-grid DC Solar Photovoltaic Water Pumping Systems.Shakti Pumps announced in a regulatory filing on December 11 that the Rs 7.5 bn order is slated for completion within 60 days of receiving the notice to proceed with the work order.This is a second order in quick succession after it secured an order in November under Component B of the PM-KUSUM scheme.The order, placed by the Haryana Renewable Energy Department (HAREDA), involved the supply of 3,174 solar pumps worth Rs 1.2 bn.Shakti Pumps is one of India’s prominent players in the solar pump market, garnering a 25% share under the PM-KUSUM scheme, a government initiative aimed at boosting agricultural productivity with solar energy. The scheme envisions the installation of over 1.4 m off-grid pumps (Component B) and 3.5 m on-grid pumps (Component C) across the country.Why Green Energy Stocks are RisingGreen energy stocks like Adani Green, Waaree Energies, Hitachi Energy, Torrent Power were buzzing in trade on 12 December, driven by positive developments surrounding these companies.Adani Green Energy emerged as the top gainer within the pack, surging over 7% after the company’s arm commissioned a 250 MW solar power project in Rajasthan. Following the commissioning of this plant, the firm’s total operational renewable generation capacity increased to 11,434 MW.Aside from Adani Green, Waaree Energies and Hitachi Energy also jumped around 4% each, riding high on their recent positive developments.Waaree Energies clinched a 170 MW solar power plant project in Madhya Pradesh, just a couple of days after it secured an order to supply up to 1 GW of solar modules.On the other side, Hitachi Energy gained momentum following its recent order win in Japan and a partnership with Samsung C&T to explore global High-Voltage Direct Current (HVDC) project opportunities.
 Steel Stocks Off LowsMoving on, the center is considering imposing a safeguard duty on steel imports, Union Steel Minister HD Kumaraswamy said on December 12, in an attempt to check the deluge of cheaper imports from China.Shares of steel majors Tata Steel, JSW Steel, and JSPL are off lows of the day in anticipation of a positive ruboff.Earlier this month, the Steel Ministry had in a meeting with the Commerce Department proposed a 25% safeguard duty on select steel products imported into India. Steel, Commerce, and Industry Minister Piyush Goyal were present at the meeting.A final call on the imposition of the duty may be taken by the Finance Ministry based on the recommendations of the Ministry of Commerce.Steel companies have been facing increased competition due to cheap steel imports, which are affecting their competitiveness. Last month, Steel Secretary Sandeep Poundrik mentioned that over 60% of steel imports come from countries with Free Trade Agreements (FTAs), which are exempt from import duties. As a result, any increase in import duties would not impact these shipments.
 Why Godawari Power Share Price is RisingMoving on, shares of Godawari Power and Ispat zoomed 7% in morning trade and scaled a record high of Rs 253.4 on 12 December after the company inked an agreement with GAIL to supply re-gassified liquefied (RLNG) natural gas for 7 years.With the surge in today’s session, the stock also managed to extend its winning streak to the ninth consecutive session, delivering gains of over 29% during the period.More By This Author:Sensex Today Trades Higher; Nifty Above 24,600; Jupiter Wagons Jumps 5%
Sensex Today Ends Flat; PNC Infratech Rallies 12%
Sensex Today Trades Flat; PNC Infratech Rallies 10%