BEML, IGL, Zomato rally up to 24% this week; Natco, Yes Bank among top laggards on BSE500

BEML, IGL, Zomato rally up to 24% this week; Natco, Yes Bank among top laggards on BSE500

New Delhi: Domestic equity markets settled higher during the truncated week, thanks to upbeat economic data which boosted the morale of traders. Benchmark indices – BSE Sensex and Nifty50 – added 2 per cent each, whereas midcap and smallcap gauges also added over a per cent each. Fear gauge India VIX dropped close to 7 … Read more

Market Movers: Defence stocks rally up to 4% after govt’s Rs 76,000 cr-push

Market Movers: Defence stocks rally up to 4% after govt’s Rs 76,000 cr-push

NEW DELHI: Shares of defence companies defied the weakness in the broader market and managed to close with gains as the government as a council gave preliminary approval to military modernization projects costing Rs 76,000 crore, including the Navy’s next-generation corvettes. The approval will help cut India’s dependence on imports for military equipment as most … Read more