Defence funds are exploding with 60% gains — too late to invest or just the beginning?

Defence mutual funds have emerged as the hottest theme on BSE and NSE, delivering up to 60% returns in just three months. Backed by record defence exports, strong government orders, and rising geopolitical tensions, investors’ interests have soared.   With strong government backing and escalating geopolitical tensions, India’s defence sector has emerged as a standout…

India-UK trade deal: Tariff on imported whisky halved, automotive duty cut to 10 percent under quota

The FTA has taken place in the backdrop of growing economic relations between India and the UK, and the bilateral trade of about $60 billion between both nations is projected to double by 2030, a government statement has said. PM Narendra Modi made the FTA announcement after a telephonic conversation with his British counterpart Keir…

Technical View: Inverted Hammer formation after downtrend and sharp fall in VIX suggest rebound in Nifty

The monthly options data indicated that the Nifty 50 is likely to face resistance at 22,700 and see support at 22,500 in the upcoming monthly F&O expiry session scheduled on February 27. The Nifty 50 closed flat with a negative bias after rangebound trading on February 25. The index continued its downward move for the…