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Domestic Manufacturing: The government saw some large deals being finalised with companies across the globe in lucrative industries such as electronics, automobiles and semiconductor manufacturing.
BPCL, Eicher Motors, Coal India Ltd, L&T and Titan Company were among the top losers on NSE.
The Nifty IT index was trading 0.44 per cent up at 33661.0.
The production-linked incentive (PLI) scheme has been the much-needed shot in the arm for electronics and IT hardware manufacturing in India. Year 2024 promises to be a game changer for Indias hi-tech manufacturing, as the country becomes less dependent on imports and is recognised as a global manufacturing destination.
The AI megatrend is picking pace with many tech companies starting to name-drop ‘AI’ on their earnings calls.