Valuation fears hit defence shares: The place are they headed? Right here’s what analysts say

Valuation fears hit defence shares: The place are they headed? Right here’s what analysts say

Defence sector shares got here underneath strain on Thursday as traders booked income following a pointy three-month rally. The Nifty India Defence Index dropped 2%, lagging the broader Nifty which ended 0.5% decrease.Out of the 18 shares on the defence index, 16 closed within the pink. Bharat Dynamics was the largest loser, falling 4.8% to…

Read More
Indian Inventory Markets Soar Over 4% In Greatest Weekly Efficiency Since Oct 2024 | Economic system Information

Indian Inventory Markets Soar Over 4% In Greatest Weekly Efficiency Since Oct 2024 | Economic system Information

Mumbai: Indian inventory markets witnessed a stellar rally within the week ended Might 16, delivering over 4 per cent returns to traders and recording the perfect weekly efficiency because the week ending October 4, 2024. The benchmark Nifty surged by 1,011.80 factors or 4.21 per cent – marking its strongest weekly achieve in additional than…

Read More
Defence Shares Surge Over Rs 86,000 Crore In Market Worth Since Pahalgam Assault | Economic system Information

Defence Shares Surge Over Rs 86,000 Crore In Market Worth Since Pahalgam Assault | Economic system Information

Mumbai: The Indian defence sector has witnessed a pointy rise in its market capitalisation, gaining a powerful Rs 86,211 crore for the reason that Pahalgam terror assault, which claimed 26 lives.  The bull rally started after the Indian armed forces launched ‘Operation Sindoor,’ a significant precision strike on terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir…

Read More