Defence stocks rose on Wednesday after the Indian Army and Air Force launched precision strikes on nine terror camps across the Line of Control under Operation Sindoor. The operation, targeting groups like Jaish-e-Mohammed and Lashkar-e-Taiba, boosted investor sentiment on expectations of higher defence spending.
Shares of Mazagon Dock, HAL, and BEL saw modest gains, while the Nifty Defence index rebounded nearly 1%, recovering from earlier losses. Analysts expect continued focus on ramping up defence production and procurement due to rising geopolitical tensions.
Operation Sindoor hit key terror hubs in Pakistan-administered regions, following recent attacks including one in Pahalgam that killed 26 people. Market watchers believe defence will remain a strong sector amid global instability, though broader market risks persist. Investors now await further policy signals on defence expenditure.
