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Here's why Zen Tech, other defence shares surged up to 11% in trade today
The Nifty India Defence Index is currently trading 1.3% higher, with stocks such as Data Patterns, Astra Microwave, Garden Reach Shipbuilders, MTAR Tech, trading with gains between 2.5% to 4%.
Top Gainers & Losers on April 16: GMDC, Netweb Tech, Adani Power, Sonata Software, YES Bank among top gainers
On April 16, the Indian stock market closed with modest losses after a recent rally. The Nifty 50 fell 0.18% while the Sensex dropped 0.21%. Broader markets showed gains, indicating a bullish tone, amid improving sentiment from potential US-Iran negotiations.
S&P 500 gained for seventh straight day on Thursday but this segment sold-off again
The iShares Expanded Tech-Software Sector ETF (IGV) fell 4%, closing at the lowest level since 2023. The ETF has extended its year-to-date losses to 27%. Another index related to software-as-a-service (SaaS) companies declined nearly 5%, extending its decline for the week to 9% and a year-to-date drop to nearly 40%.
Sensex Today | Stock Market LIVE Updates: Nifty surges 330 points; Sensex up 1,000 pts; mkt at day's high
Sensex Today | Stock Market LIVE Updates: The markets is on path to recovery after the rout as the NIfty surges with gains of nearly 300 points, rising close to 23,300. The Nifty Bank index is up close to 800 points, jumping to 54,200. Tata Steel, Tech Mahindra and SBI are the top gainers.
Can Nifty 50 cross 24,000 after rallying nearly 3% in three sessions? What tech charts signal
According to experts, investors are resorting to opportunistic buying after the recent sell-off. In the first two weeks of March, the Nifty 50 index crashed 8% amid the Middle East conflict.
Shareholder Lock-in: Urban Company, ICICI Prudential AMC among cos to become eligible for trading this week
More than 100 crore shares across nine recently listed companies are set to become eligible for trading this week as their respective shareholder lock-in periods expire. Among the companies where shares will become tradable are Urban Company, ICICI Prudential Asset Management Co, Aye Finance, and Fractal Analytics, though the expiry of the lock-in does not necessarily mean that all eligible shares will be sold in the open market.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Anthropic hack puts IT stock pack on slide row in February; Nifty IT's 19% fall worst since 2008 crisis
The Nifty IT index plunged 19.5% in February, its steepest monthly drop since 2008, as AI disruption fears and new tools from Anthropic triggered heavy selling. Tech stocks erased Rs 5.7 lakh crore in market value, with Coforge and LTIMindtree among the worst hit.
Asian markets fall after Wall Street tech selloff; GIFT Nifty signals weak start for India
The Nifty remains range-bound between 25,400 and 25,650, while Bank Nifty shows lower highs despite holding key support levels. Broader markets, including midcaps and select pharma and defence stocks, continue to show relative strength.
Stock Market Highlights: Market closes in the green but off highs, Nifty above 25,450
Sensex Today | Stock Market LIVE Updates: The market have been volatile as the indices are off the day's high. The Nifty is up 40 points, rising towards 25,500. The Nifty Bank index has fallen from the highs of the day, now trading with a deficit of 100 points. Tech Mahindra, HCLTech, Wipro, Infosys are among the top gainers.
Nifty India Defence index falls 3.5% amid profit booking; BEL, Dynamatic Tech lead losses
All 18 constituents of the Nifty India index were trading in the red, in line with weakness across the broader market.
Closing Bell: Sensex crashes 1,123 pts, Nifty below 24,500 as US-Iran tensions intensify
Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%. Nifty Midcap and smallcap indices down 2% each. Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel were among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra.