“Even after the 75 bps consecutive rate hike by the Fed and indication that “another unusually large increase would be appropriate in the next meeting” the US markets staged a smart bounce back with S&P 500 and Nasdaq rising by 2.62% and 4.06% respectively,” Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
BEL shares in focus after Rs 2,210 crore order to supply EW kits for IAF helicopters
Bharat Electronics (BEL) shares are in focus following a Rs 2,210 crore order from the Defence Ministry for Electronic Warfare suites for the Indian Air