Apollo Micro Systems surged 16% intraday on April 17 after the Government of India granted the company approval to manufacture ammunition, a clearance that directly expands its addressable market within the domestic defence sector. The stock has already carried a multibagger track record, and the fresh government nod accelerates its positioning as a vertically integrated defence supplier. India's push to indigenise defence production under established policy frameworks has created a licensing environment where such approvals act as hard entry barriers, limiting the competitive field for compliant manufacturers. Investors will watch whether Apollo Micro Systems converts the ammunition licence into confirmed order flow and whether margin profiles shift as production scales into the newly cleared category.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
