UAE Eyes BrahMos Missiles, US Student Visas Get Tougher & Nifty Crosses 24,100 | Business Today
The Indian stock market recorded a rally, with the Nifty crossing 24,100 and the Sensex gaining over 400 points. This momentum was driven by gains
The Indian stock market recorded a rally, with the Nifty crossing 24,100 and the Sensex gaining over 400 points. This momentum was driven by gains in the IT, pharma, oil and gas, and automobile sectors, where June vehicle registrations rose twenty percent year-on-year alongside electric vehicle sales. Reliance Industries recorded gains following the Jio IPO draft prospectus filing, as the primary market prepares for IPOs targeting sixty-five thousand crore rupees.
In defence, India is in talks with the United Arab Emirates to export BrahMos supersonic cruise missiles and Akash air defence systems. This development supports India's five-billion-dollar defence export target and triggered a rally in defence stocks like Bharat Dynamics and BEL. Meanwhile, the Trump administration proposed a US visa overhaul, shifting the F1 student visa from a status-based to a tenure-based system, impacting over 3.5 lakh Indian students.
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