Premier Explosives (PEL) and the French defence company Nexter have decided to tie-up for manufacturing Bi-Modular Charge Systems (BMCS) in order to respond to the needs of the Indian Ministry of Defense.

The shares of Reliance Industries surged by 0.7 per cent on Friday. The movement can be attributed to the acquisition of Artificial Intelligence (AI) based education platform Embibe.

Agriculture-related stocks witnessed a sharp rally on the bourses in Friday’s trade on the back of expectations that the sector will reap benefits from the government’s initiative to boost rural income.

telecom sector took some breather at lower levels. Hopes for a favourable policy decisions in the upcoming New Telecom Policy 2018 may help the sector bounce back. Bharti Infratel gave a prolonged consolidation breakout and also a downward sloping multiple point trendline breakout at 346.50 levels.

Ashok Leyland has bagged a critical order from the Ministry of Defence (MoD) for supplying High Mobility 10x10 vehicles i.e. HMV 10x10. The Indian Army plans to deploy these vehicles since a long time to carry Smerch Rockets.

Following stocks are close to their 52-week low as at 12.55 p.m. on April 13, 2018.

The markets on April 13, 2018 opened up. BSE Sensex is trading at 34,284.90, up by 183.77 points and the Nifty is trading at 10,504.55, up by 45.90 points. 

GMR Group will invest Rs. 1,000 crore in developing the planned aerospace and defence manufacturing hub at Special Investment Region, in Hosur, which is situated in Tamil Nadu's Krishnagiri district.

In the Union Budget 2018, Government of India reintroduced the Long term capital gain (LTCG) tax on the equity investments. From April 1, 2018, investors need to pay 10 per cent of LTCG on transfer of equity mutual funds having exposure of 65 per cent or more in equity or equity-related instruments.

China’s trade surplus with the United States rose 19.4 per cent YoY in the first quarter to US$58.25 billion, showed data released by China’s custom department. China’s exports to the US rose 14.8 per cent YoY, while imports grew 8.9 per cent YoY.