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Just hours after Trump's comments, stock markets plunged in Asia early on Monday, with Hong Kong's Hang Seng losing 9.8%.
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Mazagon Dock OFS: Mazagon Dock Shipbuilders shares plunged 13% to hit an intraday low of 2,207.30 on the BSE on Monday, following the government's decision to exercise the oversubscription option and offload an additional 1.18% stake in the company via its ongoing offer for sale (OFS).
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We expect as economic conditions stabilize and corporate earnings improve, there could be a sharp rebound in stock prices. Mid and small cap is also expected to benefit from India's economic recovery and government initiatives like the PLI scheme, Atmanirbhar Bharat and PM Gati Shakti, which are boosting sectors such as infrastructure, manufacturing, defense, and renewable energy.
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News and Media
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