Defence Stocks Surge for Second Day as West Asia Tensions Drive Buying

Defence shares in India surged for the second straight session on Friday, March 6, 2026, driven by robust buying amid escalating conflict in West Asia. The Nifty India Defence Index jumped nearly 3%, outperforming a volatile broader market.

ock Shipbuilders led gains, soaring 5-7% to around ₹2,472, followed by each Shipbuilders & Engineers, up 4.7-6% near ₹2,523, and Bharat Electronics Ltd, rising 1.8-2% to about ₹468. Stocks like Bharat Dynamics and Paras Defence also advanced. The rally reflects optimism over increased defence spending and export potential due to global tensions. Analysts warn that while short-term sentiment fuels gains, any de-escalation could trigger profit-taking. Investors are eyeing West Asia developments and government orders for further cues.