Sensex drops 443 points, Nifty 50 ends at 24,238. What drove the stock market down? Explained

The Sensex declined 443 points, or 0.57%, to close at 77,708.52, while the Nifty 50 shed 96 points, or 0.39%, to settle at 24,238.50. The Nifty Midcap 100 index climbed 0.60%, while the Smallcap 100 index rose by 0.16%. Stock market today: Stock market benchmarks, the Sensex and the Nifty 50, ended lower on Monday,…

Defence on structural upcycle; Kotak starts coverage on HAL, Mazagon Dock

Kotak Institutional Equities said that defence companies are well-positioned to benefit from rising geopolitical tensions, accelerating modernisation programmes and an expanding export opportunity.   Defence stocks: Kotak Institutional Equities has initiated coverage on India’s defence sector, saying it is on a multi-year structural upcycle. It said a sharp rise in Acceptance of Necessity (AoN) approvals,…