Defence stocks surged up to 11% after Operation Sindoor showcased India’s indigenous military strength and PM Modi called for greater defence self-reliance. The rally gained momentum as Modi countered Pakistan’s false claims about destroying India’s S-400 system. With battle-tested Indian platforms and rising global interest, investor confidence in the ‘Make in India’ defence story has been significantly boosted.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets