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Republican Party is facing internal conflict regarding a tax-cut and spending bill. The House of Representatives will reconsider the bill. The Senate already passed the bill with a narrow margin. The bill is expected to increase the nation's debt. Democrats are against the bill. The bill includes cuts to Medicaid.
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News and Media
Despite mixed earnings influenced by advanced taxes and GST, market momentum, fueled by liquidity and interest rate changes, is expected to sustain an upward trend. Rohit Srivastava suggests a buy-on-dip strategy, anticipating a move towards all-time highs, particularly in sectors like metals and interest rate-sensitive areas such as autos, realty, and financials.
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News and Media
Paras Defence shares surge following a new international order. The company will supply its CHIMERA 200 anti-drone system to French firm Cerbair. The deal is worth Rs 22.21 crore. This order highlights India's growing capabilities in defence technology exports. The company's stock has shown strong performance in recent months. Technical indicators suggest continued strength.
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News and Media
Shares of Inox Wind rose nearly 4% after Motilal Oswal initiated coverage with a Buy rating and a target price of Rs 210. The brokerage cited strong order visibility, robust O&M capacity, and vertically integrated operations as key strengths, projecting a 21% upside from current levels and long-term potential in Indias growing wind energy market.
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News and Media
RITES shares surged over 6% to Rs 296 following the announcement of a USD 3.6 million international contract from African Rail Company. This order involves supplying and commissioning two fully overhauled ALCO diesel-electric locomotives for deployment in Zimbabwe, Mozambique, and Botswana. The project, expected to be completed within 9 months, includes warranty support and technical deployment.
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News and Media
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