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The domestic equity market was trading higher on Friday. Sensex slipped 74 points to 73232 and Nifty gained 13 pts to 22,230. Here's 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.com's technical scan data.