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Nifty on Thursday ended 43 points higher to form a small positive candle with a minor upper shadow, indicating range-bound action in the market near crucial resistance around 22,800 levels.
Harshit Kapadia discusses the positive export momentum in the defence sector, citing increased export demand, growth in manufacturing bigger equipment, and Indian companies' strong positioning in global markets. Anticipates continued order inflow momentum and potential valuation expansion.
Nifty Smallcap 100 index reaches all-time high, Nifty 50 and Sensex also climb. Global cues and oil price fall boost Indian equities. Small-cap stocks recover in April post regulatory scrutiny. In the current month so far, the index has rallied 9.8%.
The Nifty Auto index was trading 0.23 per cent up at 21963.75.
The Nifty Realty index was trading 1.01 per cent up at 966.9.