Tag
India's Nifty posted its best monthly gain since December 2023 in April, with defence, capital markets, and realty stocks leading the rally. Midcap and smallcap indices outperformed, while banks and IT saw only moderate recovery.
Apollo Micro Systems jumped 16% intraday on April 17 after the Government of India approved the company to manufacture ammunition. The clearance expands Apollo's footprint in India's indigenised defence supply chain, where manufacturing licences function as significant competitive barriers.
Nifty 50 fell 46.85 points (0.19%) to 24,149.90 in early trade as IT stocks faced profit booking, while the Sensex gained 139.67 points (0.18%) to 78,128.35. Defence and metals sectors held steady, limiting broader downside. The mixed open signals intra-sector rotation rather than a market-wide retreat.
Tag
India's Nifty posted its best monthly gain since December 2023 in April, with defence, capital markets, and realty stocks leading the rally. Midcap and smallcap indices outperformed, while banks and IT saw only moderate recovery.
1mo ago · 2 min · Markets
Apollo Micro Systems jumped 16% intraday on April 17 after the Government of India approved the company to manufacture ammunition. The clearance expands Apollo's footprint in India's indigenised defence supply chain, where manufacturing licences function as significant competitive barriers.
2mo ago · 1 min · Markets
Nifty 50 fell 46.85 points (0.19%) to 24,149.90 in early trade as IT stocks faced profit booking, while the Sensex gained 139.67 points (0.18%) to 78,128.35. Defence and metals sectors held steady, limiting broader downside. The mixed open signals intra-sector rotation rather than a market-wide retreat.
2mo ago · 1 min · Markets
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