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Renewed India-Pakistan tensions have sparked investor interest in Indian defence stocks, with companies like Cochin Shipyard and Bharat Dynamics seeing significant gains. Anticipation of increased defence spending and potential export opportunities are driving this surge. While long-term prospects remain strong, some fund managers caution about the current elevated valuations and the pace of the rebound.
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A cross-party committee says farmers have lost trust in the government over its policies.
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The RBI's bond purchase OMO witnessed robust demand, with bids nearing 71,194 crore against a notified 25,000 crore. The 2035 paper attracted the highest interest. Market participants are less aggressive in selling, anticipating further OMOs. Another OMO is scheduled for May 19.
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