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Bucking an overall weak broader market trend, defence stocks were in focus today, rising by up to 6 per cent, after the new Defence Procurement Procedure (DPP), focusing on India-made products and fast-tracked acquisition process, was cleared.
Late bounce back helped the market close higher for third consecutive session on Tuesday, majorly supported by index heavyweights Reliance Industries, HDFC and HDFC Bank. Cut in European markets' losses after pricing in Brussels blast also boosted sentiment.
Defence-related stocks such as Reliance Defence, Walchandnagar, Larsen and Toubro, BEML and BEL gained upto 10 per cent in early trade on Tuesday after the new Defence Procurement Procedure (DPP), focusing on India-made products and fast-tracked acquisition process, was cleared by the top committee of the Defence Ministry on Monday.
Domestic equity indices BSE Sensex and NSE Nifty are likely to open on a flat note on Tuesday tracking mixed global cues. Sensex on Monday gained for the second straight session and soared 333 points to close at 25,285. The 50-share Nifty recaptured the 7,700-mark and ended at 7,704.25, up 99.90 points, or 1.31 per cent.
Domestic equity indices BSE Sensex and NSE Nifty are likely to open on a flat note with positive bias on Tuesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
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NEW DELHI, March 8 — India’s congested cities are awarding new rail projects at a record rate, creating a boon for companies such as Siemens to Larsen & Toubro Ltd in a sector forecast to offer US$5.8 billion (RM23.7 billion) worth of orders next
RH Muralidhara has been appointed as Director -Defence Business and Member of the Boar
The company has bagged the prestigious order valued at Rs. 900 crore for the supply of Metro Coaches to Kolkata East-West Metro Line.
The company has bagged an order worth of Rs 900 crore for supply of metro coaches to Kolkata east-west metro line...
BEML | Axis Bank | Vedanta | Lupin | CMI | Jaiprakash Associates | Sadbhav Infra | Sadbhav Engineering and IOC are stocks, which are in the news today...
And the winner is…no, we are not talking of the Oscars but of people who steal the show on the D-Street. Gurumurthy K and Yoganand D sound out traders who bet on previous Budgets and are gearing up for B-Day
Railway Budget 2016: The Railway Budget failed to lift most of the stocks of its leading vendors. Key rail wagon makers such as Kalindee Rail Nirman Engineers, Titagarh Wagons and Texmaco Rail Engineering fell between 8.5% and 9.5%.
Companies directly related to fortunes of railways got a beating on the bourses after
HDFC, Sun Pharma, ONGC, Coal India and Hindalco are top gainers, up 1-2 percent while Infosys, TCS, ICICI Bank and Reliance Industries declined 0.5-1 percent...