Among the targets hit in the operation were key terror headquarters in Bahawalpur, Tehra Kalan, Kotli, and Muzaffarabad—marking a strong response to recent ceasefire violations
Chris Wood said that fossil fuels will be around for a long time and believes in the resilience of traditional energy stocks
Every single sectoral index with the exception of FMCG closed in the red, with banks, realty, and PSU stocks falling the most. Adani group stocks too were among the biggest losers of the day.
Defence companies could be a beneficiary of the Indian government's thrust on domestic manufacturing while geopolitical tensions across the globe could also make the sector an exciting play
Companies in the defence space not only delivered a strong growth sequentially but on a cumulative basis, they have also reported a reasonable year-on-year growth.
Experts are of the view the news is positive for most companies in the defence sector, including BEL, Zen Technologies, L&T and Cochin Shipyard.