Bharat Electronics (BEL) shares are in focus following a Rs 2,210 crore order from the Defence Ministry for Electronic Warfare suites for the Indian Air Force's Mi-17V5 helicopters. This order boosts BEL's FY25 intake to Rs 2,803 crore and strengthens defence indigenisation.
Indian stock markets experienced a significant downturn on Monday, with the Sensex plummeting 2,226.79 points due to global market turmoil triggered by US-China trade tensions. Viral Chheda of SSJ Finance and Securities advises investors on Trent, Hindalco, and Siemens, suggesting a cautious approach amid bearish trends and potential buying opportunities at lower levels for long-term gains.
Stocks in China and Hong Kong plunged 7.3% and 13.2%, respectively, as Beijing announced tariff retaliation. Japan tumbled 7.8%, South Korea dropped 5.6% and Taiwan slumped nearly 10%. China and Hong Kong had resumed trading on Monday after a holiday.
It expects investors to see through the short-term volatility and properly appreciate the country's robust macro-economic fundamentals, especially better medium-term growth prospects, compared to other major economies, he told ET.
According to a report by Prabhudas Lilladher Capital, India exported $2.6 billion of automobiles and ancillaries to the US in FY24. The export of ancillaries at $2.1 billion was 80% of the category export to the US. A report by Crisil highlighted that the US forms a significant 28% of the auto component exports from India.
Among the top corporate groups, the Bajaj Group emerged as a rare gainer in 2025. It added Rs 87,000 crore in market value so far this year and has now overtaken the Adani Group to become Indias third-most valuable business house, after Tata and Reliance.
Gold prices in Kolkata experienced a nearly 3% drop, falling to 88,401 per 10 gm, triggering a surge in demand from wedding shoppers and bullion investors. Jewelers anticipate a significant increase in sales volume this week, driven by the price correction and upcoming wedding season.
A global retreat in crude oil prices to bear territory cushioned the rupee's fall, as did likely dollar sales by exporters and RBI to help the unit find a floor, traders said.
