Page 9 - Data Patterns News Today

Get latest articles and stories on Business at LatestLY. According to a report by Jefferies, with an estimated domestic defence opportunity ranging between USD 100-120 billion over the next 5-6 years, the sector anticipates a visible 13 per cent industry Compound Annual Growth Rate (CAGR) from FY23 to FY30. Business News | Defence Sector Poised to Experience CAGR of 13 Per Cent from FY23 to FY30: Jefferies.

Majority of stocks in the Nifty Smallcap 100 index are trading at discounts ranging from 10% to 45%.

The downward trend in small-cap stocks was triggered by concerns raised by market regulator SEBI regarding the froth building up in small-cap and mid-cap segments. This prompted the Association of Mutual Funds in India (AMFI) to instruct mutual funds to conduct stress tests.

Price Volume breakout was seen in Data Patterns , Adani Energy Solutions, Sobha, PB Fintech, infibeam Avenues, Bharat Dynamics and Mahindra Holidays.

In a bustling session, Nifty closed around 22,200 defending the previous sessions low at 22,075 and, prompted a rebound to regain the initial lost ground, said Rajesh Bhosale, Technical Analyst, Angel One. The sentiment remained bullish throughout the day as intraday dips were met with buying interest, Bhosale added.

The domestic equity market was trading higher on Friday. Sensex slipped 74 points to 73232 and Nifty gained 13 pts to 22,230. Heres a look at stocks buzzing in action today.

Space-related stocks surged up to 7% in early trade after the Union Cabinet approved amendments in the FDI policy for the space sector, allowing 100% FDI. This move aims to attract overseas players and private companies. MTAR Technologies saw a 7% surge in intraday trade.

In the new rule, Indian government has allowed 100 percent investment under the automatic route for activities that includes manufacturing of components, systems and sub-systems for satellites.

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A shift below the VWAP suggests a potential bearish trend, according to stockedge.coms technical scan data.