Goldman Sachs traders warn the U.S. rally is narrowly driven by the “Magnificent Seven” tech stocks while most other sectors lag. Global equities, especially in Europe and Asia, have now outperformed U.S. markets for 18 consecutive months. A low ratio of advancing to declining stocks in the S&P 500 signals shallow underlying strength. Investors may need to diversify beyond U.S. large-caps as market breadth remains a weakness.

Bharat Electronics Ltd (BEL) gained sharply after securing fresh defense contracts totaling Rs 732 crore from major government agencies. The deals strengthen BEL’s leadership in indigenous defense production, aligned with India’s Make-in-India initiative. Analysts expect the new orders to improve revenue predictability and margins in upcoming quarters. The company’s stock has maintained upward momentum amid strong order inflows and healthy execution across radar and communication systems. Investor sentiment remains optimistic about BEL’s growth outlook.