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Ep-1218 | stock market news | #dailymoneyshow
Takeaway
Rs 80,000 crore defence procurement approval is a major tailwind for Indian defence players, especially loitering missile makers.
Summary
- Sensex -0.41%, Nifty -0.38%; midcap -0.45%, smallcap -0.5%; Bank Nifty -1.33%
- Defence Acquisition Council cleared Rs 80,000 crore worth of procurement โ positive for defence stocks
- Loitering missiles (drone-style, recallable, ~60-90 min range) from a Hyderabad-based company highlighted as a key beneficiary
- Drone detection systems orders deferred this round
- Silver saw major correction; reasons examined in context of metals cycle
- Money Purse warns viewers about scammers impersonating them asking for money
Defence StocksDACLoitering MissilesSilverDaily Update
Original description
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