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Nuvama assigns Buy ratings to BEL, SOIL and Data Patterns, citing strong execution, domestic localisation and capital management. The report notes improving order visibility, rising domestic procurement, and sectoral shifts that favour faster-moving electronic defence names, while longer-cycle integrators face headwinds.
The 2026 budget focuses on boosting domestic production of capital goods, reducing import dependence, and expanding incentives for vehicle components, batteries, and related machinery to strengthen India’s industrial base.
India implements a three-year safeguard duty on selected steel imports to protect domestic producers from cheaper foreign supplies, with major stock gains seen in Tata Steel, JSW Steel, and Jindal Steel. The measure aims to stabilise domestic prices while limiting adverse effects from non-mixed steel imports and certain specialties.
The Karnataka government’s draft Domestic Workers Bill requires households to sign written employment contracts with maids, cooks, and other helps, specifying work hours, wages, and benefits like a welfare fee. It mandates registration of workers and employers via a digital portal within 30 days.
