Defence Stocks Surge to Record Highs

Indian defence stocks, including Midhani, Data Patterns, BEL, and HAL, rallied significantly after the government approved a massive ₹1.10 lakh crore procurement plan. Following the announcement, the Nifty Defence index surged three percent to hit a record-breaking high of 10,012.95 points, driven by strong investor confidence in domestic manufacturing and heightened sector demand.