Share Market News, Stocks to Track: Domestic equity benchmarks Sensex and Nifty surged more than one per cent each in a strong session on Thursday, with financial, energy, metal and FMCG shares being at the forefront of the rally. The Sensex finished the day with a gain of 1,000 points at 83,755.9 while the Nifty…
India’s Hindustan Aeronautics Limited (HAL) and French engine manufacturer, Safran Aircraft Engines, signed an agreement on Thursday for the industrialisation and production of rotating parts for LEAP engines. According to a joint release by Safran Aircraft Engines and HAL, the agreement signed between the two companies supports government’s “Make in India” policy and additionally follows…
Defence shares on Dalal Street continued their relentless march on May 19, the seventh straight day of gains as investor confidence remained strong. Leaders such as Mazagon Dock Shipbuilders, Bharat Electronics Limited (BEL), and Bharat Dynamics reached new all-time highs as hopes of higher defence spending by the government and improved quarterly numbers fueled them. Defence index gains 24% in seven sessions The Nifty Defence index jumped almost 3 per cent on Monday to a high of 8,555, marking an extension of its great run that has now yielded a total 24 per cent return since the early weeks of May. Such sudden momentum is a vote of confidence in…