Defence stocks rally after US strikes Iran; GRSE, BEL, others jump up to 6%

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Defence stocks: The sharp rise in the share prices pushed the Nifty Defence index up nearly 1.7 percent to hover around 9,037 in the morning. The shares of defence companies surged on June 23 after US launched strikes at key nuclear facilities in Iran, which increased hopes of higher defence order inflows amid escalating conflict…

Sensex, Nifty overcome Trump’s tariff shock; where’s the market headed ?

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Trump’s tariff shock: IT shares were the top Sensex and sectoral losers over fears of recession as experts see additional tariffs detrimental to the economic growth in the US. This would impact demand for services of Indian IT companies in that country.    The Indian stock market recovered partially from the initial jitters of the…