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"I believe the earnings for the defence based stocks will remain good because we can clearly see the government’s focus on more and more indigenisation. So more and more production is likely to move onshore. We are likely to start making newer things which we are perhaps not making today. So from that perspective, clearly the sector is very well poised "

The Nifty Auto index closed 1.59 per cent up at 12978.8.

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For the year, 11 of the 15 index constituents of the BSE auto pack look poised to settle in the green, with gains of up to 65%, with TVS Motors and Tube Investments leading the table. On the other hand, Samvardhana Motherson International (down 53%), UNO Mind (down 13%), Tata Motors (down 13%) and Balkrishna Industries (down 8%) have posted cuts.

Crompton Greaves Consumer Electricals key Products/Revenue Segments include Electrical Consumer Durables, Lighting Products, Scrap, Sale of services and Export Incentives for the year ending 31-Mar-2022.

Nifty Pharma index is amongst the top laggards of 2022. The index is down about 11% in the year 2022, after having two good previous calendar years. In 2020, the index surged up about 60% and was up about 10% in 2021. In 2022, 7 stocks from the index have fallen over 25% so far.

A total of 14,193 shares changed hands on the counter till 01:39PM (IST)

European shares edged higher on Monday, boosted by energy firms, after a bruising selloff last week sparked by growing fears of a recession as major central banks promised more interest rate hikes ahead.The region-wide STOXX 600 index was up 0.5% at 0805 GMT.

The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 95.35.