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Defence stocks: The Defence Acquisition Council approved defence procurement proposals worth around Rs 1.10 lakh crore, with nearly 98% of purchases to be sourced from Indian companies. The move is likely to keep defence stocks such as HAL, BEL, Paras Defence, BEML and Astra Microwave in focus. The approvals cover requirements of the Army, Navy…
Four Nifty500 stocks, Supreme Industries, Zydus Lifesciences, Narayana Hrudayalaya and Nippon Life India AMC, showed rising RSI above 50, signalling strengthening momentum and potential uptrend conditions.
The Indian rupee opened lower at 94.51 against the US dollar due to elevated oil prices and increased dollar demand. The Reserve Bank of India has shifted focus to managing pressure from rising crude costs rather than actively supporting the rupee.
IPO GMP Live Updates | Pranav Constructions IPO Day 2: GMP signals 34% listing gain
Four Nifty500 stocks formed White Marubozu patterns, signalling strong buying momentum after notable gains on September 7, according to StockEdge.
Singapore’s transport minister defended Singapore Airlines’ Air India investment. The airline needs overseas expansion due to limited domestic travel. Singapore Airlines finances its investments from internal resources. The Air India transformation is a long-term strategic commitment. This investment aligns with the airline’s multi-hub strategy.
MCX gold October series rose by 0.42% to ₹1,53,461 per 10 grams, while MCX silver December contracts climbed 0.67% to ₹2,40,615 per in morning trade.
Many rural households lack doorstep LPG delivery, facing refill cost and logistics issues. Only a fraction of rural homes use LPG exclusively, with firewood remaining common. Migrant workers encounter significant barriers to obtaining formal LPG connections. Affordability is a major concern, with many willing to switch at lower prices. Policy must now focus on sustained…
Following the introduction of the Closing Auction Session, capital-market stocks displayed a range of performances. While Motilal Oswal Financial Services and MCX enjoyed substantial gains exceeding 20 per cent, companies like Indian Energy Exchange, BSE, HDFC AMC, and CAMS experienced significant falls. The uptick in trading activity sparked gains for several brokerages and wealth management…
The shares of Prasol Chemicals are trading at a grey market premium (GMP) of ₹55 today, suggesting a potential listing gain of nearly 8% over the upper end of the IPO price band.