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BDL Secures ₹4,362 Cr Order, HAL Gets Tejas Engine, MobiKwik Ventures Into Stock Broking
BDL Secures ₹4,362 Cr Order, HAL Gets Tejas Engine, MobiKwik Ventures Into Stock Broking
Written by - Fisdom Research
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March 26, 2025
2 minutes
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Market Snapshot
Indian benchmarks Nifty 50 and Sensex ended in deep red on March 26, snapping a seven-day winning streak amid broad-based selling.
Profit booking was triggered by concerns over Trump’s tariffs from April 2, weakness in the Indian rupee, and a rise in oil prices.
All sectoral indices closed lower, with Nifty Media, Nifty PSU Bank, and Nifty Realty witnessing the steepest declines of 1-2%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
0.0
NIFTY PHARMA
-0.8
NIFTY CONSUMER DURABLES
-0.3
NIFTY PRIVATE BANK
-0.9
NIFTY FMCG
-0.3
NIFTY IT
-1.0
NIFTY METAL
-0.4
NIFTY PSU BANK
-1.2
Top News
Bharat Dynamics (BDL) shares rose nearly 2% on March 26 after securing a ₹4,362 crore order from the Ministry of Defence for supplying armaments, though contract details remain confidential.
Hindustan Aeronautics (HAL) surged over 3% after GE Aerospace delivered the first F404-IN20 engine for India’s Tejas Light Combat Aircraft Mk 1A, marking a key milestone in their 40-year collaboration.
MobiKwik received approval to incorporate MobiKwik Securities Broking Pvt Ltd (MSBPL), marking its entry into stock broking and derivatives trading across various asset classes in India and abroad
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
INDUSINDBK
3.3
NTPC
-3.5
TRENT
2.4
TECHM
-3.1
HEROMOTOCO
0.7
CIPLA
-2.5
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,500
23,800
Bank Nifty
50,500
52,050
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