The company has also won a contract from the Argentinian Air Force to supply spare parts and engine repair of legacy two-tonne class helicopters.īharat Dynamics is rising as it enters into 10 MoUs with several foreign and domestic companies during Aero India 2023. Hindustan Aeronautics is surging as it receives Indian Technical Standard Order (ITSO) authorisation from the Directorate General of Civil Aviation (DGCA) for its indigenously developed cockpit voice recorder (CVR) and flight data recorder (FDR), according to reports. Money flow index (MFI) indicates that stocks like Cummins India, Finolex Cables, Blue Star and Procter & Gamble Health are in the overbought zone. US indices futures trade in the red, indicating a negative start for the day. European stocks edged higher, shrugging off the interest rate hike worries based on UK jobs data. In international markets, major Asian indices closed in the green, amid positive global cues. Nifty IT also closed in the green, following the tech-heavy Nasdaq 100 index, which closed 0.92% higher on Wednesday. Nifty Bank closed lower, led by industry heavyweights SBI and HDFC Bank. Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, despite the benchmark index closing flat. Windfall tax on exports of aviation fuel and diesel was also reduced. The Indian government has slashed the windfall tax on crude oil from Rs 5,050 to Rs 4,350 per tonne. HDFC raised USD 3 billion in the largest local bond issue. Nifty 50 pared early gains made in the morning session and closes flat above the key 18,000 mark. Of the 1,960 stocks traded today, 1,055 were on the uptrend, and 834 went down.
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