Nifty India Defence index gains nearly 1%; DCX Systems, Solar Industries, HAL, BEL lead rally

Nifty India Defence index gains nearly 1%; DCX Systems, Solar Industries, HAL, BEL lead rally

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…

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Defence stocks in focus: HAL, BEL, and BDL see mixed trading amid India-US 10-Year strategic defence agreement reports

Defence stocks in focus: HAL, BEL, and BDL see mixed trading amid India-US 10-Year strategic defence agreement reports

Shares of key Indian defence stocks experienced mixed trading on Thursday amid positive developments surrounding a new 10-year strategic defence cooperation framework between India and the United States. The agreement aims to strengthen bilateral ties by enabling deeper collaboration on defence technology sharing, co-production of military equipment, and increasing the supply of critical defence systems. …

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