business 📈 Indian markets bounce as oil prices drop, defense tech moves private
Indian equity markets rebounded strongly on the monthly expiry date, fueled by a drop in crude oil prices below $90 a barrel. The Nifty gained about 20 points near 24,250, while the Sensex climbed 150 points to 77,500. Fertilizer stocks jumped 16% after Russia assured continuous supplies to India. Furthermore, the Defense Ministry approved transferring DRDO missile technology to private companies. UPI has reached a 10-year milestone, averaging 66 crore daily transactions.