Investors See Opportunity in Defense, Energy Sector as India's Russia Ties Get Spotlight
Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. It's Friday, and traders are breathing a sigh of relief as they wrap up what's shaping up to be the fifth straight week of losses for the benchmark Nifty index — the longest in over two years. Sentiment remains weak, especially as a favorable trade deal with the US is still not in sight. Yet, some investors are starting to hunt for bargains, particularly in domestic-focused stocks after upbeat results from Hindustan Unilever and Maruti Suzuki. Attention now shifts to ITC for confirmation of a rebound in consumer demand.
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