Defence Stocks Under Pressure as Ceasefire Talks Surface

Defence sector stocks saw sharp selling in the morning session on 24 June 2025, reacting to former U.S. President Donald Trump’s claim of a ceasefire agreement between Israel and Iran. Despite Iran denying the agreement, the news dented investor sentiment in defence counters. The Nifty Defence Index declined over 2%, with notable names like

, and falling up to 6% till 9:35AM. In tandem, crude oil prices also dropped, as hopes of easing Middle East tensions reduced supply concerns. Traders turned cautious amid geopolitical ambiguity, booking profits after recent gains in defence stocks. 📌 Disclaimer: This post is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered advisor before making any financial decisions.