🚀 Defence Stocks Surge as Global Tensions Shift Strategic Balance
Shares of Garden Reach Shipbuilders & Engineers
GRSE
, Bharat Electronics Limited
BEL
, and other defence firms jumped up to 20%, lifting the Nifty India Defence index nearly 7%. The rally follows sharp remarks by Donald Trump criticising NATO allies and hinting at a potential US exit. Rising US-Europe tensions and the Iran conflict have fueled investor optimism around India’s defence sector. US envoy Sergio Gor reaffirmed India’s role as a key defence partner. Experts believe any shift in transatlantic ties could position India as a reliable manufacturing hub, though scaling capabilities and building trust will take time.
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