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MARKET WRAP: Sensex settles 178 pts higher; defense stocks rally up to 12%

All that happened in the markets today

Defence stocks rally as MoD approves military purchases worth Rs 38,900 cr

Bharat Dynamics hit a 52-week high of Rs 374, up 12 per cent on the BSE

Opto Circuits locked in 5% lower circuit after zooming 1250% in 66 days

The stock is trading under Trade to Trade (T2T) segment or 'T' group

Lakshmi Vilas Bank gains 5% on report Clermont Group eyes stake purchase

With an investment of $150-200 million (Rs 1,100-1,500 crore), Clermont is eyeing a 15-20 per cent stake in Lakshmi Vilas Bank

Insurance stks gain; HDFC Life adds 5% on Nifty50 inclusion, SBI Life up 2%

HDFC Life Insurance Company will replace Anil Agarwal-controlled Vedanta in the benchmark index with effect from July 31.

Motherson Sumi slips 9% after board approves group restructuring plan

Promoter entity SAMIL would be merged into MSSL

Stocks to watch: RIL, HDFC Life, Motherson Sumi, JB Chemicals, Divi's Lab

Here's a look at the top stocks that may remain in focus today

JB Chemicals gains 4%, nears 52-wk high as PE firm KKR to acquire 54% stake

After this transaction, an open offer will be launched to acquire 20.93 million fully paid-up equity shares of JB Chemicals, representing 26 per cent of equity.

Cadila gains 5% on DGCI nod for clinical trials of Covid-19 vaccine

The company has completed preclinical development and plans to begin the trials in July 2020

RIL gains 1% as Intel Capital to invest Rs 1,894 crore in Jio Platforms

This will be the twelfth international deal for Reliance's digital arm in less than three months, taking the total investment amount to Rs 117,588.45 crore.

Indices gain for 2nd day in a row, Sensex up 429 pts; India VIX drops 6%

All that happened in the markets today

IT shares extend gain; Infosys rallies 9%, TCS surges 7% in one week

TCS on Tuesday said its board will meet on July 9 to approve the financial results for the June quarter.

Hero MotoCorp surges 5%, hits over 7-month high as June sales jump 4x MoM

The two-wheeler bellwether reported wholesale dispatches for the month of June at 4.5 lakh units, up from 1.12 lakh units sold in May.

GVK Power declines 5% on report ED probes promoters for money laundering

On June 27, CBI had registered a case against GVK group chairman GVK Reddy, MIAL and AAI officials for cheating and criminal conspiracy that allegedly caused loss to the tune of about Rs 1,000 crore

BASF India extends gain after completing sale of construction chemicals biz

"The company has received an overall consideration of Rs 595.16 crore towards the said divestiture," BASF India said

IDBI Bank's market-cap crosses Rs 50,000 cr, stock surges 51% in 2 weeks

IDBI Bank stood at number 54th position in the overall market-cap ranking of listed companies, BSE data shows.

Pfizer up 8.5%; parent firm's potential Covid-19 drug shows positive result

Pfizer and Germany's BioNTech are in a race with companies including AstraZeneca Plc, Moderna Inc. to come up with a safe and effective vaccine against Covid-19

Rail-related stocks rally; RITES, Rail Vikas Nigam surge over 10%

Indian Railways has started the process to invite private players in passenger train operations.

Stocks to watch: ABB Power Products, Tata Motors, Ashok Leyland, Coal India

Here's a look at the top stocks that may remain in focus today

Chemical shares in focus; Clariant Chemicals, Balaji Amines rally up to 18%

Navin Fluorine International, meanwhile, hit a fresh all-time high of Rs 1,723 today.