Indonesia has entered into an agreement with India to procure the BrahMos missile system, according to the country’s defense ministry spokesperson Rico Ricardo Sirait, who spoke to Reuters. The development could have a positive impact on several Indian defense companies that supply key components for the missile system. Indian defense stocks such as Hindustan Aeronautics,…
Defense stocks to buy: The defense stocks have received a fresh fillip amid the Middle East conflict, which is not showing signs of de-escalating after entering its second week on Saturday. As a result, the gauge tracking the defense stocks — Nifty India Defense Index — gained almost 5% last week. The current conflict in…
Defense Stocks: The decline in defense stocks has come at a time when tensions between Iran, Israel and America are continuously increasing in the Middle East… highlights Amid the ongoing tension in the Middle East, there was a slight decline in Indian defense sector shares on Monday. Strong defense stocks like BEL, HAL also slipped…
Indian stock market: For nearly two decades, Indian equity markets were largely driven by the rise of the information technology (IT) sector. Companies such as Tata Consultancy Services (TCS), Infosys and Wipro became symbols of India’s global outsourcing success and long-term wealth creation on Dalal Street. However, after the outbreak of the Russia-Ukraine war, IT…
The Indian stock market is expected to open lower on Friday, following weak global market cues, as the escalating US-Iran weighed on sentiment and rising crude oil prices stoked fears of higher inflation. The trends on Gift Nifty also signal a gap-down opening for the frontline indices, Nifty 50 and Sensex today. On Thursday, the…
The latest escalation in the Middle East has materially raised global risk levels — but according to JM Financial, the economic fallout may not be evenly distributed. India, more than many of its global peers, stands directly exposed to the energy shock stemming from a potential disruption in the Strait of Hormuz. In its March…
Defense Stocks: The effect of increased geopolitical tension in West Asia after the attack on Iran by America and Israel was also seen on the Indian stock market. On Monday, March 2, there was strong buying in defense and drone sector shares and many stocks rose sharply. Shares like HAL, BEL, Tejas Networks, Paras Defense…
Defense stocks in India rallied by up to 5% on Wednesday, tracking gains in the broader Indian stock market today. The Nifty India Defense index rose as much as 1.2%, supported by strong buying interest across key constituents. Astra Microwave Products share price emerged as the top gainer, surging 5.7%, followed by Mishra Dhatu Nigam,…
Defense stocks: Across-the-board buying in defense stocks drove the Nifty India Defense index nearly 2% higher in early-morning trade on Friday, February 20, amid escalating US-Iran tensions. All constituents in the defense gauge traded in the green, with Data Patterns emerging as the best performer as it surged 9%. Source
Stocks to buy for long term: India’s defense sector is entering a multi-year growth phase, supported by a sharp rise in government capital spending, accelerating indigenisation, and a robust order pipeline, believes domestic brokerage house Antique Stock Broking. As per the brokerage, the Union Budget for FY26–27 has earmarked a record ₹7.84 lakh crore for…
