Analysts see HAL, BEL as top beneficiaries of ₹1.1 trn defence buys

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The government has approved a proposal to purchase about ₹1.1 trillion worth of military materiel, with 98 per cent of procurements to be made from Indian companies.   Defence stocks were in demand on Tuesday after the government cleared a proposal to purchase around ₹1.1 trillion worth of military materiel, ranging from radars to helicopters,…

Sensex slumps 715 pts, Nifty ends below 24,000; media, realty lead losses

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The broader market mirrored the weakness in the benchmark indices, with the Nifty Midcap 100 declining 1% and the Nifty Smallcap 100 falling 1.5% Indian benchmark indices extended their losing streak for a third consecutive session on July 22, as rising crude oil prices, a sharp decline in the rupee, and profit booking in heavyweight…