Current Affairs - Defence - Discussion

Prime Minister Modi’s strong push for indigenous military equipment in his address after Operation Sindoor, Indian defence stocks witnessed a significant rise, surging nearly 9%. This reflects investor confidence in the government’s focus on self-reliance in the defence sector. Companies like Bharat Dynamics Limited (BDL) saw the highest individual surge of 9.4%, while Hindustan Aeronautics Limited (HAL) also experienced notable gains. Other key players, such as Cochin Shipyard and Mazagon Dock, benefited from the sentiment, indicating a broader market reaction tied to policy-driven support for domestic defence manufacturing.