Mumbai, July 6 (IANS) State-owned defence companies’ shares traded higher on Monday, surging up to 3 per cent after the Defence Acquisition Council (DAC) approved capital acquisition proposals worth around Rs 52,000 crore to strengthen the operational capabilities of the Indian armed forces.The Nifty India Defence index rose 1.70 per cent or 163 points to 9,737.15, hitting an intraday high at around 12 pm.Among the major gainers, Navratna PSU Bharat Electronics Limited (BEL) rose as much as 2.84…
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Mumbai, April 13 (IANS) Indian equity benchmarks recovered sharply from their intra-day lows on Monday, helped by buying in defence stocks, even as broader sentiment remained cautious due to ongoing geopolitical tensions in West Asia.The Nifty closed 0.86 per cent, or 207.95 points, lower at 23,842.65, while the Sensex ended the session down 0.91 per cent, or 702.68 points, at 76,847.57.Commenting on Nifty technical outlook, experts said that going ahead, 23,900 is likely to continue acting as i…