On July 4, defence stocks saw a strong rally—rising up to 9%—after a big announcement from the government. What Happened? The Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, approved 10 big defence projects worth ₹1.05 lakh crore. All of these will be made by Indian companies only, under the ‘Buy (Indian-IDDM)’ category. This supports the Aatmanirbhar Bharat (self-reliant India) mission. What is Being Bought? The Indian Armed Forces will get: • Armoured Recovery Vehicles • Electronic Warfare Systems • Surface-to-Air Missiles (SAMs) • Naval Mines • Submersible Vessels • Mine Countermeasure Vessels …and more tech to boost mobility, air defence, maritime security, and logistics. Market Reaction: Investors cheered the move, sending defence stocks flying: • Paras Defence +9% (also turned ex-split today) • GRSE, Zen Technologies ~3% • Cochin Shipyard, Astra Microwave ~2.7% • BDL, Mazagon Dock 2%+ • BEML, Data Patterns ~2% • HAL, BEL, Solar Industries, Cyient DLM ~1%+ The Nifty India Defence Index jumped 1.7%, trading near 9,006 in morning trade. Why Investors Liked It? • ₹1.05 lakh crore = Big business for Indian defence companies • Focus on Made-in-India = Long-term revenue visibility • Stock split (Paras Defence) = More affordable for retail buyers This shows how strong government policy can power sector-specific rallies.

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