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Stocks to watch: Shares of firms like Infosys, Zomato, RIL, HDFC Bank, NTPC, Maruti, Ashok Leyland, and others will be in focus on Tuesday's trade.
Recommendation: Buy; Target price: ₹252
Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank and SBI Life Insurance were top Nifty losers. Gainers included Tata Consumers Products, M&M, BPCL, Bajaj Auto and Adani Ports
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.
The S&P BSE Sensex fell over 100 points while the Nifty50 closed above the 22,450 level. Sectors like consumer durables, oil & gas, the public sector, and utilities, saw buying while IT, telecom and banks saw some selling pressure.