Defence stocks bucked the broader market trend on May 22, closing deep in the green as geopolitical momentum, government thrust, and fresh orders triggered sharp rallies in key counters. The Nifty India Defence index surged 2.07 per cent to settle at 8,453.75, extending gains for a second straight session even as headline indices witnessed a…
Axis Direct Stocks to Buy: Amid mixed signals from the global market, the Indian stock market registered a decline for the third consecutive session today (Tuesday, May 20, 2025). While the BSE Sensex slid by 873 points to close at 81,186, Nifty 50 slipped by 261 points to close at 24,684 points. Amid the weakness…
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…