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Apollo Micro Systems shares saw a significant rise. The company secured orders worth Rs 25.12 crores from DRDO and Defence PSUs. This news boosted investor confidence. The defence sector is gaining prominence. Government support and indigenous manufacturing are key factors. Defence stocks are attracting attention. The Indian Air Force will acquire 97 LCA Tejas Mark 1A fighter jets.
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The selloff followed the Union Cabinets approval of the Online Gaming Bill, 2025, which is set to be introduced in Parliament. The proposed legislation aims to regulate gaming platforms offering monetary rewards, citing risks related to mental health, money laundering, and fraud.
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A rail strike and works are expected this weekend as millions begin their bank holiday getaways.
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