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Closing Bell: Market sinks on ceasefire worries; Nifty below 23,800, Sensex tanks 950 pts
On the sectoral front, oil & gas, PSU Bank, Infra, Consumer Durables, and Private Bank shed between 0.4-2%, while metal, power, pharma added 0.5-1%. L&T, Interglobe Aviation, HDFC Bank, Shriram Finance, Jio Financial are among biggest losers on the Nifty, while gainers included Dr Reddy's Labs, Hindalco, Bajaj Auto, Bharat Electronics, ONGC. Nifty Midcap and Smallcap ended on a flat note.
Bharat Electronics, HAL rise up to 2% ahead of DAC meeting on Rs 1 lakh crore defence proposals
The council is also expected to consider the procurement of 600 HAMMER precision-guided air-to-ground munitions for the Indian Air Force and the Indian Navy
Paras Defence, BEL, HAL gain up to 5% after DAC clears Rs 52,000 crore defence buys
Adding to the positive sentiment, JM Financial Institutional Securities reiterated its 'Buy' rating on Bharat Heavy Electricals (BHEL) with an unchanged target price of Rs 435
Closing Bell: Sensex, Nifty end flat amid volatility; pharma, oil & gas gain, media falls
Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal. Among sectors, auto, pharma, oil & gas, PSU Bank telecom, metal added 0.4-1%, while media index shed 0.7%. Nifty Midcap index rose 0.6%, while smallcap index ended flat.
Raymond shares surge 4% on appointing ex-BEL CEO as defence vertical's CEO
The new CEO will lead Raymond's defence business and be responsible for its strategic direction, operational roadmap and growth plans.
L&T, HAL, BEL brace for mixed Q1 as Nomura flags margin pressure
Nomura expects EBITDA and profit for its coverage universe to grow 5.9% and 7.7%, respectively.
L&T, Siemens, BEL, private banks seen driving Q1 earnings; OMCs to drag overall profit: Kotak
The brokerage expects Nifty-50 earnings to grow 9.8% year-on-year, while BSE Sensex companies are projected to report 4.8% profit growth.