Defense stocks rally: Indian defence stocks rallied significantly on August 22, fueled by mounting geopolitical tensions after Russia launched one of its largest air assaults on Ukraine—deploying 574 drones and 40 missiles—despite US overtures for a ceasefire. As a result, the Nifty India Defence index rallied nearly 1 per cent, reaching around 7,760.25. According to Ukrainian…
Defence shares on Dalal Street continued their relentless march on May 19, the seventh straight day of gains as investor confidence remained strong. Leaders such as Mazagon Dock Shipbuilders, Bharat Electronics Limited (BEL), and Bharat Dynamics reached new all-time highs as hopes of higher defence spending by the government and improved quarterly numbers fueled them. Defence index gains 24% in seven sessions The Nifty Defence index jumped almost 3 per cent on Monday to a high of 8,555, marking an extension of its great run that has now yielded a total 24 per cent return since the early weeks of May. Such sudden momentum is a vote of confidence in…