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Sensex, Nifty end higher, investors await US stimulus details
Sensex, Nifty end higher, investors await US stimulus details
Shares closed slightly higher on Thursday after mostly trading sideways, helped by gains in energy stocks, while investors waited for details of a major U.S. stimulus package due later in the day.
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UPDATED: January 14, 2021 16:26 IST
File photo: Brokers react while trading during the presentation of the federal budget at a stock brokerage firm in Mumbai, February 1, 2018. (Reuters photo)
Shares closed slightly higher on Thursday after mostly trading sideways, helped by gains in energy stocks, while investors waited for details of a major U.S. stimulus package due later in the day.
The Cabinet Committee on Security chaired by Prime Minister Narendra Modi approved the largest indigenous defence procurement deal worth about Rs 48,000 crores to buy 83 LCA Tejas Mark1A fighter jets.
In a major decision, the government on Wednesday approved the procurement of 83 indigenously-developed light combat aircraft Tejas for the Indian Air Force (IAF) at a cost of Rs 48,000 crore. The decision was taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi, Defence Minister Rajnath Singh said. In a tweet, Singh said the deal will be a game-changer for self-reliance in defence manufacturing in India. The CCS chaired by PM Sh. @narendramodi today approved the largest indigenous defence procurement deal worth about 48000 crores to strengthen IAF s fleet of homegrown fighter jet LCA-Tejas , he said.