Bharat Dynamics, Data Patterns to BEL: Why defense stocks fell after Budget 2026 announcements?

Budget 2026: Defense stocks including Bharat Electronics, Mazagon Dock Shipbuilders, Hindustan Aeronautics, Bharat Dynamics, Apollo Micro, Data Patterns (India), and others declined on February 1 after Finance Minister Nirmala Sitharaman did not make any defence-specific policy announcement in her Budget 2026 speech. However, the government allocated ₹7.85 lakh crore to the defense sector in the…

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Budget 2026: Fiscal focus likely less on deficit as Center pivots to debt targeting from FY27: BofA

India’s fiscal policy is expected to be less contractionary from FY27 as the Center prepares to pivot from a fiscal-deficit-focused approach to a debt sustainability framework, brokerage BofA Securities has noted in a pre-Budget note. The shift, which will greater flexibility in public finances, comes as the government remains on track to meet its medium-term…

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Budget 2026: From auto, telecom, railways to defense – Morgan Stanley points out key reforms needed in various sectors

Finance minister Nirmala Sitharaman will present the Union Budget for 2026–27 on 1 February, with expectations running high across sectors at a time when the global economy is grappling with tariff pressures and heightened geopolitical uncertainty that continue to disrupt cross-border trade. Despite the volatile global macroeconomic environment, the Indian economy remains resilient. Analysts expect…

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